Akanda Corp. Closes Public Offering, Pays Underwriter $37.5K
Ticker: AKAN · Form: 6-K · Filed: Oct 4, 2024 · CIK: 1888014
| Field | Detail |
|---|---|
| Company | Akanda Corp. (AKAN) |
| Form Type | 6-K |
| Filed Date | Oct 4, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $37,500, $28,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: offering, financing, underwriting
TL;DR
Akanda closed its offering, paid Univest $37.5K for underwriting.
AI Summary
On October 4, 2024, Akanda Corp. announced the successful closing of its underwritten public offering. Univest Securities, LLC served as the underwriter for this offering. The company agreed to pay Univest $37,500 in discounts and commissions, which represents the underwriting discount.
Why It Matters
This filing confirms the completion of a capital raise, which could provide Akanda Corp. with necessary funds for operations or expansion.
Risk Assessment
Risk Level: low — This is a routine filing confirming the completion of a previously announced offering and associated fees.
Key Numbers
- $37,500 — Underwriting Discount (Amount paid to Univest Securities, LLC for their role as underwriter.)
Key Players & Entities
- Akanda Corp. (company) — Registrant and issuer of the offering
- October 4, 2024 (date) — Date of the press release and closing of the offering
- Univest Securities, LLC (company) — Underwriter for the public offering
- $37,500 (dollar_amount) — Total discounts and commissions paid to the underwriter
FAQ
What was the total amount raised in the public offering?
The filing does not specify the total amount raised in the public offering, only the fees paid to the underwriter.
When did Akanda Corp. announce this public offering?
The filing states the offering was 'previously announced' but does not provide the date of the initial announcement.
What is the principal executive office address of Akanda Corp.?
The principal executive office is located at 1a, 1b Learoyd Road, New Romney TN28 8XU, United Kingdom.
Who acted as the underwriter for the offering?
Univest Securities, LLC acted as the underwriter.
What is the SEC file number for Akanda Corp.?
The SEC file number is 001-41324.
Filing Stats: 355 words · 1 min read · ~1 pages · Grade level 11.3 · Accepted 2024-10-04 08:30:30
Key Financial Figures
- $37,500 — ay Univest discounts and commissions of $37,500, representing an underwriting discount
- $28,000 — eu thereof), and also reimburse Univest $28,000 in fees and expenses (including legal f
Filing Documents
- ea0216708-6k_akanda.htm (6-K) — 11KB
- ea021670801ex1-1_akanda.htm (EX-1.1) — 208KB
- ea021670801ex4-1_akanda.htm (EX-4.1) — 92KB
- ea021670801ex99-1_akanda.htm (EX-99.1) — 9KB
- 0001213900-24-085211.txt ( ) — 321KB
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: October 4, 2024 By: /s/ Katie Field Name: Katie Field Title: Interim Chief Executive Officer and Director 2