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Aegis Capital Corp. acted as Sole Bookrunner on a $32.5 Million Follow-On Offering of Common Stock and Warrants for Jupiter Wellness, Inc. (NASDAQ:JUPW).

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Jupiter Wellness, Inc. (NASDAQ:JUPW) successfully completed a $32.5 million follow-on offering of common stock and warrants, with Aegis Capital Corp. serving as the sole bookrunner. This funding is intended to enhance the company’s pipeline of skin care therapeutics targeting conditions such as eczema and skin cancer. Jupiter is recognized for its innovative over-the-counter skincare products, including the CaniSun™ sunscreen. The offering aims to bolster the company's growth in the expanding skincare market.

Positive
  • Completed a $32.5 million follow-on offering to enhance capital.
  • Funding will support the development of innovative skin care therapeutics.
Negative
  • Potential dilution of existing shares due to the new offering.

NEW YORK, NY / ACCESSWIRE / July 26, 2021 / Aegis Capital Corp. acted as Sole Bookrunner on a $32.5 Million Follow-On Offering of Common Stock and Warrants for Jupiter Wellness, Inc. (NASDAQ:JUPW).

About Jupiter Wellness, Inc.
Jupiter Wellness, Inc. (NASDAQ:JUPW) is a leading developer of skin care therapeutics and treatments. The Company's product pipeline of enhanced skin care therapeutics focuses on the endocannabinoid system to address indications including eczema, burns, herpes cold sores, and skin cancer. Jupiter generates revenue from a growing line of proprietary over-the-counter skincare products including CaniSun™ sunscreen and other wellness brands sold through www.cbdcaring.com.

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About Aegis Capital Corporation
Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research and sales and trading services to institutional investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.

For more information about this offering or Investment Banking Services please email InvestmentBanking@aegiscap.comor call (212) 813-1010

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www.aegiscapcorp.com

Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.

SOURCE: Aegis Capital Corp.



View source version on accesswire.com:
https://www.accesswire.com/657118/Aegis-Capital-Corp-acted-as-Sole-Bookrunner-on-a-325-Million-Follow-On-Offering-of-Common-Stock-and-Warrants-for-Jupiter-Wellness-Inc-NASDAQJUPW

FAQ

What was the amount raised in Jupiter Wellness's follow-on offering on July 26, 2021?

Jupiter Wellness raised $32.5 million in its follow-on offering on July 26, 2021.

Who acted as the bookrunner for Jupiter Wellness's follow-on offering?

Aegis Capital Corp. acted as the sole bookrunner for the offering.

What are the intended uses of the funds raised by Jupiter Wellness?

The funds will be used to enhance Jupiter Wellness's pipeline of skin care therapeutics.

How might the follow-on offering impact JUPW shareholders?

The follow-on offering may lead to potential dilution of existing shares.

Jupiter Wellness, Inc.

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