Fresh Vine Wine, Inc. went public in December of 2021 at an IPO price of $10.00. The
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Question:
The company granted a 45-day option to the underwriters to purchase up to 330,000 additional shares of common stock at the initial public offering price, less the underwriting discounts and commissions.
How much additional capital would have been raised for the company if this option was exercised?
Related Book For
Understanding Financial Accounting
ISBN: 9781119406921
2nd Canadian Edition
Authors: Christopher D. Burnley
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