Fresh Vine Wine, Inc. went public in December of 2021 at an IPO price of $10.00. The company issued 2,200,000 shares and the underwriting discount was set at $0.80 per share.

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?

Answer rating: 100% (QA)

If the underwriters exercised the 45day option to purchase an additional 330000 shares of c... View the full answer