TScan Therapeutics Prices Upsized $150M Public Offering 2,472,581 Common Shares At $7.13/Share
Portfolio Pulse from Benzinga Newsdesk
TScan Therapeutics has announced an upsized public offering of 2,472,581 shares at $7.13 each, matching its closing price on Nasdaq on April 16, 2024. Additionally, pre-funded warrants for 18,577,419 shares are offered at $7.1299 each.
April 17, 2024 | 6:13 am
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NEGATIVE IMPACT
TScan Therapeutics prices an upsized public offering of shares and pre-funded warrants, potentially diluting current shareholders but raising significant capital.
The announcement of an upsized public offering and the issuance of pre-funded warrants by TScan Therapeutics could lead to dilution of existing shares, which might negatively impact the stock price in the short term. However, the capital raised could be beneficial for the company's growth and development projects, indicating a mixed impact but with a short-term negative bias due to the immediate dilution concern.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100