S&W Seed Co. (SANW: Quote) said it has closed the underwritten public offering of 1.40 million shares of its common stock at $7.50 per share. The company in a statement said that it received nearly $10.5 million in gross proceeds through the offering, and added the proceeds excluded underwriting discounts and expenses.
The company anticipates using the net proceeds from this offering for working capital and general corporate purposes, which may include future business acquisitions.
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by RTT Staff Writer
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