Sonoma Pharma Prices $4 Mln Offering Of Shares And Warrants

nasdaq
2026.04.27 10:10
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Sonoma Pharmaceuticals, Inc. (SNOA) has priced a $4 million offering of 2.96 million shares and warrants at $1.35 each. The proceeds will be used for general corporate purposes, including working capital. The offering is set to close on April 27, 2026, pending customary conditions. Additionally, Dawson James Securities has a 45-day option to purchase up to 15% of the offering to cover over-allotments. SNOA's stock closed at $1.14, down 36.67%, and is down 0.86% in pre-market trading.