SeaDragon asks shareholders to pay 10% premium in capital raising

Mon, 20 Aug 2018

By Rebecca Howard Aug. 21 (BusinessDesk) - SeaDragon is calling on its shareholders to pay a 10 percent premium to participate in a $14.9 million pro-rata renounceable offer to help struggling fish oil manufacturer remain afloat. The company forecast a net loss of between $3.6 million and $4.6 million in the year ending March 31, 2019, and said its ability to deliver on forecasts depends on securing long-term funding for the company. “As previously announced to shareholders in May 2018, the company has been considering capital raising...

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