Icosavax Prices $67.8M Registered Direct Offering Of ~8.37M Shares Of Common Stock At A Price Of $8.10/Share
Portfolio Pulse from Charles Gross
Icosavax (NASDAQ:ICVX) announced a registered direct offering of 8.37M shares at $8.10 per share, expecting to raise $67.8M. The financing was led by TCGX, with participation from Logos Capital and Vivo Capital.
May 22, 2023 | 9:55 pm
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Icosavax's registered direct offering of 8.37M shares at $8.10 per share aims to raise $67.8M, with TCGX leading the financing.
The registered direct offering will provide Icosavax with additional capital to fund its operations and development of vaccines. However, the short-term impact on the stock price is uncertain, as the market may react positively to the increased funding or negatively to the dilution of shares.
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