Nautilus Biotechnology Entered Sales Agreement With Cowen To Zhares Sales Of Common Stock Having Aggregate Sales Proceeds Up To $125M
Portfolio Pulse from Benzinga Newsdesk
Nautilus Biotechnology has entered into a sales agreement with Cowen for the sale of common stock, aiming for aggregate sales proceeds of up to $125 million. This move is part of Nautilus Biotechnology's efforts to raise capital.
February 28, 2024 | 12:28 pm
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Nautilus Biotechnology's agreement with Cowen to sell common stock for up to $125M could provide significant capital, impacting its financial flexibility and growth prospects.
The agreement to sell common stock could positively impact Nautilus Biotechnology's stock price in the short term due to the potential influx of capital, which may be viewed positively by investors as it could support the company's growth initiatives and financial stability.
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