Reported Earlier, Humacyte Prices $40.2M Public Offering Of 13.4M Common Stock At $3/Share
Portfolio Pulse from Benzinga Newsdesk
Humacyte has announced a public offering of 13.4 million shares of common stock priced at $3 per share, totaling $40.2 million. The proceeds will be used to advance its regenerative medicine pipeline, support FDA review of its Biologics License Application for bioengineered human acellular vessels for urgent arterial repair, establish initial commercial infrastructure, and for general corporate purposes.
March 01, 2024 | 8:08 am
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Humacyte's public offering of 13.4M shares at $3/share aims to fund advancements in regenerative medicine, FDA review processes, and prepare for future commercial launches.
The public offering is a significant financial move for Humacyte, indicating a strong commitment to advancing its pipeline and preparing for commercialization. The funds raised will support critical areas such as FDA review and commercial infrastructure, which are essential for the company's growth and success in the market. This strategic investment in its future could positively influence investor sentiment and stock price in the short term.
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