PepGen Reports Pricing Of Offering Of 7.53M Shares Of Its Common Stock At $10.635 Per Share
Portfolio Pulse from Benzinga Newsdesk
PepGen announced the pricing of its offering of 7.53 million shares at $10.635 each, expecting to raise approximately $80.1 million before fees and expenses.
February 07, 2024 | 12:39 pm
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PepGen's recent share offering is priced at $10.635 for 7.53 million shares, targeting gross proceeds of about $80.1 million.
The pricing of PepGen's share offering is a significant event for the company, aiming to raise substantial funds. While this could dilute existing shares, the influx of capital is likely to support its operations and growth initiatives. The impact on the stock price could be neutral in the short term as the benefits of the capital raise may offset the dilutive effect.
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RELEVANCE 100