U.S. e-cigarette maker Juul Labs Inc has raised $325 million in an equity and de...
FILE PHOTO: Juul brand vaping pens are seen for sale in a shop in Manhattan in New York City, New York, U.S., February 6, 2019. REUTERS/Mike Segar
In a regulatory filing on Monday, the company did not break out the ratio of equity and debt offered, but said the funds would not be used for mergers, acquisitions or exchange offers, or to pay executives, promoters or directors. The company recently launched its popular USB flash drive-shaped products across Europe, South Korea, the Philippines and Indonesia and plans to expand into other markets.
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