enGene Has Agreed To Sell 20M Shares At $10/Share In A Private Placement With Gross Proceeds Of Around $200M
Portfolio Pulse from Benzinga Newsdesk
enGene has entered into an agreement for a private placement of 20 million shares at a price of $10 per share, resulting in gross proceeds of approximately $200 million.
February 14, 2024 | 11:53 am
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enGene's agreement to sell 20 million shares at $10 each in a private placement will significantly boost its financial position with $200 million in gross proceeds.
The sale of 20 million shares at $10 each in a private placement is a significant financial move for enGene, likely to positively impact its stock price in the short term. This influx of $200 million in gross proceeds will enhance the company's financial stability and potentially fund further growth or operations, making it an attractive point for investors.
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