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Optimi Health Shares Rise After Nasdaq Listing

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Optimi Health (OPTH) shares rose 5.5% to $5.80 as they began trading Wednesday on the Nasdaq Capital Market after the company priced its underwritten public offering of 2.4 million shares at $6.25 each.

The stock opened at $5.50 and reached a high of $6.40. The underwriter has an option to buy up to an additional 360,000 shares, the company said Wednesday in a statement.

Gross proceeds from the offering, expected to close Thursday, are expected to be $15 million.

Optimi plans to use the funds to expand production and distribution in its existing markets and to enter additional markets, including the US.

Price: $5.80, Change: $+0.30, Percent Change: +5.45%

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