Merus N.V. Announces Proposed Public Offering Of Common Shares; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
Merus N.V. (NASDAQ:MRUS), a clinical-stage oncology company, has announced a proposed underwritten public offering of its common shares. The size and amount of the offering have not been disclosed. The company plans to use the net proceeds from the offering to advance the clinical development of its product candidates, for preclinical research and technology development, and for working capital and general corporate purposes. Jefferies, BofA Securities, Guggenheim Securities and William Blair are acting as joint book-running managers for the offering.
August 09, 2023 | 8:44 pm
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Merus N.V. is planning a public offering of its common shares. The proceeds will be used for clinical development, preclinical research, and corporate purposes.
The announcement of a public offering can have mixed effects on a company's stock. On one hand, it can dilute existing shares, potentially leading to a decrease in share price. On the other hand, the funds raised can be used to invest in the company's growth, which could have a positive impact in the long term. The exact impact will depend on the market's perception of the company's growth prospects and the terms of the offering.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100