Lifecore Biomedical Raises $24.3 Million in Private Placement of Common Stock

CHASKA, Minn., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Lifecore Biomedical, Inc. ("Lifecore"), a fully integrated contract development and manufacturing organization ("CDMO"), today announced the closing of a $24.3 million private placement ("PIPE") of 5,928,775 shares of its common stock at a price of$4.10 per share. The investing group includes new and existing shareholders, and the company expects to use the proceeds for working capital, operations, and general corporate purposes. "We are very pleased to have ...