Akanda Corp. Completes Registered Direct Offering
Ticker: AKAN · Form: 6-K · Filed: Mar 5, 2024 · CIK: 1888014
| Field | Detail |
|---|---|
| Company | Akanda Corp. (AKAN) |
| Form Type | 6-K |
| Filed Date | Mar 5, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.20544, $0, $0.0001, $500, $10,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: offering, equity-raise, registered-direct
TL;DR
Akanda Corp. sold 367,870 shares on March 1st to accredited investors.
AI Summary
On March 1, 2024, Akanda Corp. completed a registered direct offering, selling 367,870 common shares to accredited investors. The company, organized under the laws of Ontario, Canada, is involved in the medicinal chemicals and botanical products sector.
Why It Matters
This offering provides Akanda Corp. with capital, potentially enabling further investment in its operations or expansion within the medicinal chemicals and botanical products industry.
Risk Assessment
Risk Level: medium — The company is undergoing a capital raise through a direct offering, which can indicate a need for funds and potential dilution for existing shareholders.
Key Numbers
- 367,870 — Common Shares Sold (Number of shares issued in the registered direct offering on March 1, 2024.)
Key Players & Entities
- Akanda Corp. (company) — Registrant and issuer of shares
- March 1, 2024 (date) — Date of the securities purchase agreement and offering
- 367,870 (dollar_amount) — Number of common shares sold in the offering
- Ontario (location) — Jurisdiction of incorporation for Akanda Corp.
FAQ
What was the total number of common shares sold by Akanda Corp. in the registered direct offering?
Akanda Corp. sold 367,870 of its Common Shares in the registered direct offering.
When did Akanda Corp. enter into the securities purchase agreement for this offering?
Akanda Corp. entered into the securities purchase agreement on March 1, 2024.
Who were the purchasers in this offering?
The offering was made to certain accredited investors.
Under the laws of which province is Akanda Corp. organized?
Akanda Corp. is organized under the laws of the Province of Ontario.
What type of offering was conducted by Akanda Corp. on March 1, 2024?
Akanda Corp. conducted a registered direct offering.
Filing Stats: 730 words · 3 min read · ~2 pages · Grade level 13.6 · Accepted 2024-03-05 09:27:27
Key Financial Figures
- $0.20544 — Shares”), at a purchase price of $0.20544 per Offered Share, and pre-funded warra
- $0 — on Share is sold in the Offering, minus $0.0001, and the exercise price of each pr
- $0.0001 — ise price of each pre-funded warrant is $0.0001 per share (the “Pre-Funded Warran
- $500 — any agreed to pay Univest a cash fee of $500 to be paid at the closing of the Offeri
- $10,000 — an amount not to exceed an aggregate of $10,000. The gross proceeds from the Offering
- $150,000 b — ds from the Offering were approximately $150,000 before deducting Univest’s fees and
Filing Documents
- ea0201134-6k_akanda.htm (6-K) — 22KB
- ea0201134ex1-1_akanda.htm (EX-1.1) — 190KB
- ea0201134ex4-1_akanda.htm (EX-4.1) — 103KB
- ea0201134ex5-1_akanda.htm (EX-5.1) — 36KB
- ex5-1_001.jpg (GRAPHIC) — 12KB
- 0001213900-24-019764.txt ( ) — 370KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. AKANDA CORP. (Registrant) Date: March 5, 2024 By: /s/ Katie Field Name: Katie Field Title: Interim Chief Executive Officer and Director 2