Minim announces closing of $25 million public offering of common stock

Manchester, nh , aug. 02, 2021 (globe newswire) -- via newmediawire -- minim, inc. (nasdaq: minm) (the “company”) today announced the closing of an underwritten public offering of 10,000,000 shares of the company's common stock at a public offering price of $2.50 per share for aggregate gross proceeds of approximately $22.7 million after deducting underwriting discounts, commissions, and other offering expenses. in addition, the company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares at the public offering price less the underwriting discounts and commissions.
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