Geron Corporation Announces Pricing Of $150M Underwritten Offering Of Common Stock And Pre-Funded Warrants
Portfolio Pulse from Benzinga Newsdesk
Geron Corporation (NASDAQ:GERN) announced a $150M underwritten offering of common stock and pre-funded warrants, with participation from major investment firms. The proceeds are intended for the commercialization and development of imetelstat. TD Cowen, Stifel, and Barclays are the joint book-running managers, with Wedbush PacGrow as co-manager.
March 19, 2024 | 1:07 pm
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Geron Corporation announces a significant $150M underwritten offering to fund imetelstat's commercialization and development.
The announcement of a $150M underwritten offering is a significant financial move for Geron Corporation, indicating strong backing and future investment into the commercialization and development of imetelstat. This could lead to increased investor confidence and potentially positive movement in GERN's stock price in the short term, especially with the involvement of major investment firms.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100