Dianthus Therapeutics Enters Agreement For Private Investment In Public Equity Financing That Is Expected To Result In Gross Proceeds Of $230M
Portfolio Pulse from Benzinga Newsdesk
Dianthus Therapeutics has entered into an agreement for a Private Investment in Public Equity (PIPE) financing deal, which is anticipated to generate $230 million in gross proceeds. The company will sell 14,500,500 shares of common stock at $12.00 each and pre-funded warrants for 4,666,332 shares at $11.999 each. The expected closing date for the PIPE financing is January 24, 2024.
January 22, 2024 | 12:43 pm
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Dianthus Therapeutics is expected to raise $230M through a PIPE deal by selling shares and pre-funded warrants, which could provide significant capital for operations and growth.
The announcement of a PIPE financing deal usually indicates a strong vote of confidence from institutional investors and can provide the company with necessary capital for growth. This could lead to a positive short-term impact on DNTH's stock price as it reflects potential for expansion and operational funding.
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IMPORTANCE 90
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