Marrone bio warrant holders exercise final tranche, eliminating warrant overhang

Davis, calif., dec. 16, 2021 (globe newswire) -- during november and december 2021, certain warrant holders in  marrone bio innovations, inc. (nasdaq: mbii) completed the exercise of the fifth and final tranche of warrants, generating a total of $3.5 million in cash during the fourth quarter of 2021 and increasing the company's outstanding shares by 4.7 million. with these exercises, and the december 15, 2021, expiration of the substantial majority of the company's other unexercised warrants, the company's material warrant overhang has been eliminated.
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