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SNDL Inc

11:46 AM EST - SNDL Inc : Announced the closing of its previously announced private offering of approximately US$69 million aggregate principal amount of its 12% second lien notes and detached warrants to purchase up to approximately 16 million of the Company’s subordinate voting shares at an exercise price of US$2.086. The Company used the gross proceeds from the Offering of US$69 million, together with approximately US$9 million of cash on hand, to repurchase and redeem all of its outstanding existing 10% senior secured notes due January 2023 and pay accrued interest, fees and expenses. The Company has also received subscriptions for an additional US$5 million to be closed at a later date. SNDL Inc shares N.SNDL are trading -$0.06 at $2.54.