Kneat Announces Closing of $20 Million Bought Deal Including Full Exercise of Over-Allotment Option

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HALIFAX, Nova Scotia, Feb. 14, 2024 (GLOBE NEWSWIRE) -- kneat.com, inc. (TSX:KSI) (“Kneat” or the “Company”) announced today the closing of its previously announced bought deal offering (the “Offering“) of common shares of the Company (the “Common Shares“). Pursuant to the Offering, the Company issued a total of 6,153,880 Common Shares at a price of $3.25 per Common Share for gross proceeds to the Company of $20,000,110, which includes the exercise, in full, by the Underwriters (as defined below) of the over-allotment option granted by the Company to purchase up to an additional 802,680 Common Shares at a price of $3.25 per Common Share.

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