4D Molecular Therapeutics Prices Upsized Public Offering Of 6,586,015 Common Stock At $29.50/Share
Portfolio Pulse from Benzinga Newsdesk
4D Molecular Therapeutics, Inc. (NASDAQ:FDMT) has announced the pricing of an upsized underwritten public offering of 6,586,015 shares of common stock at $29.50 each, along with pre-funded warrants for 3,583,476 shares at $29.4999 each. This move aims to unlock the full potential of genetic medicines for large market diseases.
February 07, 2024 | 6:17 am
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4D Molecular Therapeutics, Inc. prices upsized public offering of shares and pre-funded warrants to enhance its genetic medicines development.
The upsized public offering indicates strong investor interest and provides significant capital for FDMT to advance its genetic medicines. This could positively impact the stock price in the short term as it reflects confidence in the company's future prospects.
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