Congratulations to Pearl Cohen client Else Nutrition Holdings Inc. (TSXV: BABY) (OTCQX: BABYF) (FSE: 0YL) for its underwritten public offering of units of common stock and warrants for an aggregate gross proceeds to the Company of C$20.7 million. Canaccord Genuity Corp. served as lead underwriter on behalf of a syndicate of underwriters. Concurrently with the public Offering, Else entered into a non-brokered private placement of C$5 million. In total, the Company will receive gross proceeds of approximately C$25.7 million from the closing of the Offering and Private Placement.
Else Nutrition GH Ltd. is an Israel-based food and nutrition company focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy, formula is a clean-ingredient alternative to dairy-based formula.
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Else is represented by Mark Cohen, Senior Partner and Chair of the Life Sciences Practice Group, and Benjamin Waltuch, Partner.
