Annexon Reports Pricing Of $125M Public Offering Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Annexon, Inc. has announced the pricing of its underwritten public offering, which includes 25,035,000 shares of common stock and pre-funded warrants to purchase 18,379,861 shares. The common stock is priced at $2.88 per share, while the pre-funded warrants are priced at $2.879 per share, raising a total of $125 million.
December 20, 2023 | 10:29 pm
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Annexon has priced its public offering at $2.88 per share for common stock and $2.879 per share for pre-funded warrants, with the goal of raising $125 million.
The announcement of a public offering often leads to a short-term decline in the stock price due to the dilution of existing shares. The pricing of the offering below the current market price can put additional downward pressure on the stock.
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