Janux Therapeutics Prices $296.5M Underwritten Public Offering of Common Stock and Pre-Funded Warrants at $46.50/Share
Portfolio Pulse from Benzinga Newsdesk
Janux Therapeutics, Inc. (NASDAQ:JANX) announced the pricing of an underwritten public offering of 4,440,851 shares of common stock at $46.50 per share and pre-funded warrants for 1,935,483 shares at $46.499 each, aiming to raise approximately $296.5 million. The offering includes an option for underwriters to purchase up to an additional 956,450 shares and is expected to close on March 4, 2024.
February 29, 2024 | 7:06 am
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Janux Therapeutics is raising approximately $296.5 million through a public offering of shares and pre-funded warrants, expected to close by March 4, 2024.
The public offering by Janux Therapeutics is a significant financial move aimed at raising capital, likely for further research and development in its immunotherapy platforms. While such offerings can dilute existing shares, they are essential for funding the company's growth and development projects. The impact on the stock price could be neutral in the short term as the benefits of the raised capital might balance out the dilution effect.
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