(Reuters) – E-cigarette maker Juul Labs Inc has raised $325 million in an equity and debt offering, a regulatory filing showed on Monday, as the company looks to speed up its global expansion at a time it is facing growing U.S. regulatory scrutiny.
The Securities and Exchange Commission filing from the company, which is 35% owned by Marlboro maker Altria Group (NYSE:) Inc, also showed that the funds were not intended to be used for transactions, such as a merger, acquisition or exchange offer, or to pay executives, promoters or directors.
Altria shares were up about 1% in premarket trading.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.