August 2020

Faegre Drinker Represents Underwriters in $27.5M Public Offering

United States - Massachusetts

Faegre Drinker represented the underwriters in a public offering for AquaBounty Technologies, a land-based aquaculture company utilizing technology to enhance productivity and sustainability. In addition to the $27.5 million base deal, the company granted the underwriters a 30-day option to purchase up to $4.125 million of additional shares. The offering closed on August 11, 2020. 

Oppenheimer & Co. Inc. and Lake Street Capital Markets, LLC acted as joint book-running managers for this offering. National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation, acted as co-manager for the offering. This was Faegre Drinker’s first representation of Oppenheimer & Co. as the lead investment bank in an equity offering in over 5 years. 

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