Star equity holdings announces pricing of $14.25 million underwritten public offering

Old greenwich, conn., jan. 19, 2022 (globe newswire) -- star equity holdings, inc. (nasdaq: strr; strrp) (“star equity” or the “company”), a diversified holding company, today announced the pricing of an underwritten public offering of 9,500,000 shares of its common stock (or pre-funded warrants to purchase shares of common stock in lieu thereof) and warrants to purchase up to 9,500,000 shares of the company's common stock (the “common warrants”). each share of common stock (or pre-funded warrant in lieu thereof) is being sold together with one common warrant to purchase one share of common stock at a price of $1.50 per share and common warrant. gross proceeds, before deducting underwriting discounts and offering expenses, are expected to be approximately $14.25 million.
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