Curated News
By: NewsRamp Editorial Staff
April 29, 2025
Better Choice Company Closes Public Offering, Raises $5 Million for Pet Health and Wellness Initiatives
TLDR
- Investors gained advantage with Better Choice Company's public offering of common stock and prefunded warrants, resulting in $5 million gross proceeds.
- Better Choice Company closed a public offering, selling 639,000 common stock shares and prefunded warrants to purchase 1,028,000 shares at $3 each.
- Better Choice Company aims to improve pet health and wellness with proceeds for general corporate purposes, supporting working capital, sales, and marketing.
- Better Choice Company offers sustainably sourced pet food under the Halo brand, focusing on pet health and well-being with an alternative nutrition-based approach.
Impact - Why it Matters
This news matters as it showcases Better Choice Company's commitment to pet health and wellness, highlighting the growing trend of pet humanization and consumer focus on health. The funds raised will support the company in providing innovative products to help pets live longer and happier lives.
Summary
Better Choice Company (NYSE American: BTTR) has closed on a public offering, selling 639,000 shares of common stock and prefunded warrants for 1,028,000 shares. The offering raised approximately $5 million for general corporate purposes. ThinkEquity acted as the sole book-running manager for the offering.
The company focuses on pet health and wellness, offering products that promote healthier, happier lives for dogs and cats. Better Choice plans to use the proceeds for working capital, sales, marketing, and operating expenses.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Better Choice Company Closes Public Offering, Raises $5 Million for Pet Health and Wellness Initiatives
