Late Thursday Elevation Oncology Priced Its Public Offering Of 17.81M Shares, Pre-funded Warrants To Purchase Up To 4.44M Shares, And Accompanying Warrants At A Combined Offering Price Of $2.25 For Gross Proceeds Of Approximately $50M
Portfolio Pulse from Benzinga Newsdesk
Elevation Oncology has priced its public offering of 17.81 million shares, pre-funded warrants to purchase up to 4.44 million shares, and accompanying warrants at a combined offering price of $2.25, raising approximately $50 million.
June 09, 2023 | 8:28 am
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Elevation Oncology's public offering of 17.81M shares and warrants priced at $2.25, raising $50M in gross proceeds.
Elevation Oncology's public offering is expected to raise $50 million, which will provide the company with additional capital for growth and development. However, the short-term impact on the stock price is uncertain, as the market may react positively to the capital infusion or negatively to the dilution of shares.
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IMPORTANCE 80
RELEVANCE 100