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NioCorp Announces Pricing of $5.0 Million Underwritten Offering Priced At-The-Market Under Nasdaq Rules

1. NioCorp announced an underwritten offering of 2.57 million common shares. 2. The offering includes Series A and B warrants to purchase additional shares.

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FAQ

Why Bearish?

The issuance of new shares could dilute existing shareholders' value, similar to past equity offerings affecting stock prices.

How important is it?

The offering details are crucial for understanding potential dilution effects on NB's stock value.

Why Short Term?

Initial market reaction to share dilution typically impacts the stock price for a short period.

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NB
CENTENNIAL, CO / ACCESS Newswire / January 29, 2025 / NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB) today announced the pricing of an underwritten offering of 2,577,320 common shares, 2,577,320 Series A warrants to purchase up to 2,577,320 common shares (the "Series A Warrants") and 1,288,660 Series B warrants to purchase up to an additional 1,288,660 common shares (the "Series B Warrants") (the "Offering").

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