Aquabounty technologies, inc. announces pricing of $56.7 million upsized public offering of common stock

Maynard, mass., dec. 10, 2020 (globe newswire) -- aquabounty technologies, inc. (nasdaq: aqb) (“aquabounty” or the “company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the pricing of its previously announced underwritten public offering of 8,720,000 shares of common stock of the company at a price to the public of $6.50 per share. aquabounty expects to receive aggregate gross proceeds of approximately $56.7 million from the offering. in addition, the company has granted the underwriters of the offering a 30-day option to purchase up to 1,308,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions. the offering is expected to close on or about december 14, 2020, subject to customary closing conditions.
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