Largo宣布定价570万美元注册直接发行

2026-09-25 21:57

Largo (LGO) said on Friday that it has entered into definitive agreements for the purchase and sale of 10.2M common shares and accompanying warrants of the company in a registered direct offering at $0.56 apiece for a total of about $5.7M.
The warrant, which will expire five years from the day of issuance, will have an exercise price of $0.70 per share and will be immediately exercisable upon issuance.
The share offering is expected to close on September 29, 2026.
LGO -23.08% at $0.53.
The use of proceeds of the offering, net of placement agent fees and other offering expenses payable by the company, will be for working capital purposes, including to pay trade creditors.
Arias Resource Capital Fund IV LP, an affiliate of Alberto Arias, co-CEO and a director of the company, and of the company's largest shareholder and Jim Bannantine, the co-CEO of the company, will purchase 2.49M shares and 2.49M warrants on the same terms as the other investors.
The participation by the co-CEOs will not result in insiders of the company acquiring more than 10% of the outstanding common shares in any six-month period and will not materially affect the control of the company.
Press release

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