Rocky Mountain Chocolate Factory Closes $2.2 Million Private Placement, Led by Strategic Investment from American Heritage Railways
Rocky Mountain Chocolate Factory(RMCF) GlobeNewswire News Room·2024-08-07 04:25
DURANGO, Colo., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Rocky Mountain Chocolate Factory Inc. (Nasdaq: RMCF) (the "Company", "we", or "RMCF"), an international franchisor and producer of premium chocolates and other confectionery products, including gourmet caramel apples, has closed a securities purchase agreement for a private investment in public equity ("PIPE") financing that resulted in gross proceeds of approximately $2.2 million to the Company, before deducting offering expenses. Pursuant to the terms of t ...