Kits Eyecare (TSE:KITS) has released an update.
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Kits Eyecare Ltd. has initiated a $10.15 million secondary offering of 1,000,000 common shares at $10.15 each, with additional proceeds possible through an over-allotment option. The company, however, will not benefit financially from this offering, as the proceeds go to the selling securityholders. Concurrently, a separate block trade is expected to close, involving the sale of 225,000 common shares from the spouse of an executive.
For further insights into TSE:KITS stock, check out TipRanks’ Stock Analysis page.