Reported Earlier, Gritstone bio Prices $32.5M Underwritten Public Offering Of 8,333,333 Common Stock And Accompanying Common Warrants At $1.50/Share
Portfolio Pulse from Benzinga Newsdesk
Gritstone bio announced a $32.5M underwritten public offering, including 8,333,333 shares of common stock and warrants, priced at $1.50/share. Additionally, pre-funded warrants for 13,334,222 shares at $0.0001/share and common warrants at $1.65/share were offered to a specific investor.
April 02, 2024 | 7:39 am
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Gritstone bio's public offering includes common and pre-funded warrants, aiming to raise $32.5M, with shares priced at $1.50 and warrants at $1.65.
The offering is a significant financial move for Gritstone bio, aiming to raise capital. The pricing of shares and warrants indicates a strategic approach to attract investors. However, the impact on the stock price could be neutral short-term as the benefits of raised capital might balance out the dilutive effect of the new shares.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100