[New post] Ascend Wellness Files Registration Statement; Has Option to Issue $100M of New Securities

Cannabis News World posted: "Ascend Wellness Files Registration Statement; Has Option to Issue 0M of New Securities Cannabtimes <![CDATA[NEW YORK, Nov. 22, 2022 – PRESS RELEASE – Ascend Wellness Holdings Inc., a multistate, vertically integrated cannabis " Cannabis News World Ascend Wellness Files Registration Statement; Has Option to Issue $100M of New Securities Cannabis News World Nov 29 Ascend Wellness Files Registration Statement; Has Option to Issue 0M of New Securities Cannabtimes <![CDATA[NEW YORK, Nov. 22, 2022 – PRESS RELEASE – Ascend Wellness Holdings Inc., a multistate, vertically integrated cannabis operator, announced that it filed a registration statement on Form S-3 containing a base shelf prospectus with the United States Securities and Exchange Commission (SEC) on Nov. 22, 2022. The registration statement is expected to become effective following review by the SEC. A corresponding preliminary base shelf prospectus (the "Canadian prospectus") has been filed with the securities regulatory authorities in each of the provinces of Canada, excluding Québec, under the U.S.-Canada multijurisdictional disclosure system (MJDS).The registration statement (when effective) and Canadian prospectus (upon the issuance of a receipt for the final Canadian prospectus) will qualify the distribution from treasury of up to an aggregate amount of $100,000,000 worth of shares of Class A common stock, preferred stock, warrants, debt securities, subscription rights and/or units of the company (collectively, the "securities"), or any combination, over the period(s) that each of the registration statement and Canadian prospectus remain effective, respectively."While we do not have immediate plans to issue securities under the registration statement or the Canadian prospectus, we deemed it prudent to prepare ourselves to take advantage of markets should they evolve into a more accretive financing alternative," said Dan Neville, interim co-CEO and chief financial officer. "This filing allows us the flexibility to pursue additional financing opportunities should they become in the best interest of our shareholders."The company became eligible to file a registration statement on Form S-3 after one year of SEC reporting, following the effectiveness of its previously filed registration statement on Form S-1. The terms of any securities to be offered under the base prospectus will be specified in a prospectus supplement, which will be filed with the applicable U.S. and Canadian securities regulatory authorities in connection with any such offering. The registration statement has been filed with the SEC but is not yet effective. The securities may not be… Excerpt only ... READ MORE BELOW Source : Ascend Wellness Files Registration Statement; Has Option to Issue 0M of New Securities reposted by Cannabis News World Comment Unsubscribe to no longer receive posts from Cannabis News World. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cannabisnewsworld.com/2022/11/29/ascend-wellness-files-registration-statement-has-option-to-issue-100m-of-new-securities/ Powered by WordPress.com