Kneat Announces Closing of $35.6 Million Bought Deal

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TORONTO, Oct. 10, 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 7,500,000 Common Shares at a price of $4.75 per Common Share (the “Offering Price”) for gross proceeds to the Company of $35,625,000, which includes 131,500 Common Shares issued at the Offering Price as a result of the partial exercise by the Underwriters (as defined below) of the over-allotment option granted by the Company to the Underwriters.

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