Nurix Therapeutics Prices Upsized $175M Public Offering Of 10,166,667 Common Shares At $15/Share
Portfolio Pulse from Benzinga Newsdesk
Nurix Therapeutics, Inc. (NASDAQ:NRIX) has priced an upsized public offering of 10,166,667 common shares at $15.00 each, alongside pre-funded warrants for up to 1,500,100 shares at $14.999 each, less a $0.001 exercise price per warrant.
April 12, 2024 | 6:50 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Nurix Therapeutics prices upsized public offering of shares and pre-funded warrants, aiming to raise substantial capital.
The pricing of Nurix's upsized public offering and the issuance of pre-funded warrants are significant capital-raising activities. While this could dilute existing shares, the influx of capital is likely aimed at funding ongoing research and development, which could have long-term benefits. The short-term impact on the stock price could be neutral as the market absorbs the news of dilution and potential for future growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100