Juul Labs Inc. has raised approximately $785.2 million in an equity and debt offering, according to an Aug. 30 SEC filing.
The offering has been expanded from earlier in August, in which the U.S. e-cigarette maker raised $325 million, Reuters reported. The company reportedly plans to use the funds to boost its balance sheet as it continues to expand globally.
The disclosure was filed shortly after the U.S. Food and Drug Administration and the Centers for Disease Control and Prevention said it is escalating its probe into cases of severe respiratory disease associated with the use of e-cigarette products.
