Kits Eyecare (TSE:KITS) has released an update.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
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.