Nkarta Prices Its Underwritten Offering Of 21M Shares At $10.00/Share And Pre-funded Warrants To Purchase 3M Shares At $9.9999/Warrant, With Gross Proceeds Of Approximately $240.1M
Portfolio Pulse from Benzinga Newsdesk
Nkarta has announced the pricing of its underwritten offering of 21 million shares at $10.00 per share and pre-funded warrants to purchase 3 million shares at $9.9999 per warrant, aiming to raise approximately $240.1 million in gross proceeds.
March 25, 2024 | 10:34 am
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Nkarta's underwritten offering aims to raise approximately $240.1 million through the sale of 21 million shares and pre-funded warrants for 3 million shares.
The announcement of Nkarta's underwritten offering is a significant financial move aimed at raising capital. While such offerings can dilute existing shares, the influx of capital is typically used for further development, research, or expansion, which can be positive in the long term. However, the immediate market reaction can be mixed due to concerns about dilution, making the short-term impact neutral.
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IMPORTANCE 90
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