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Lakeland Fire + Safety Announces Pricing of Public Offering of $40.0 Million of Common Stock

1. Lakeland Industries priced a public offering at $22.00 per share. 2. The offering is expected to generate approximately $40 million.

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FAQ

Why Bullish?

The capital raise may strengthen Lakeland's financial position, similar past offerings boosted liquidity.

How important is it?

The capital raise is significant for operational growth, impacting investor confidence.

Why Short Term?

The immediate financial influx will support strategies, but long-term impacts depend on utilization.

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LAKE
HUNTSVILLE, AL / ACCESS Newswire / January 23, 2025 / Lakeland Industries, Inc. ("Lakeland Fire + Safety" or "Lakeland") (NASDAQ:LAKE), a leading global manufacturer of protective clothing for industry, healthcare, and first responders, today announced that it has priced its underwritten public offering of 1,820,000 shares of its common stock at a public offering price of $22.00 per share. Lakeland expects the gross proceeds from the offering to be approximately $40.0 million, before deducting the underwriting discount and other estimated offering expenses payable by Lakeland.

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