Sacks Parente Golf (SPGC) said Wednesday that it has priced an underwritten public offering of 366,000 of its shares for $732,000.
The company said it plans to use the net proceeds for general corporate purposes and working capital. The offering is slated to be completed around Thursday, it added.
Additionally, the firm provided a 45-day option to Aegis Capital to buy additional common shares of up to 15% of the number of shares sold in the offering, Sacks said.
Shares of the company were down 45% in recent Wednesday premarket activity.
Price: 2.0801, Change: -1.56, Percent Change: -42.85
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