Abeona Therapeutics Prices An Underwritten Offering Of 12.28M Shares, Pre-funded Warrants To Purchase 6.1M Shares At $4.07 Per Share Or $4.0699 Per Pre-funded Warrant, With Gross Proceeds Of Approximately $75M
Portfolio Pulse from Benzinga Newsdesk
Abeona Therapeutics has announced the pricing of an underwritten offering consisting of 12.28 million shares and pre-funded warrants to purchase an additional 6.1 million shares. The price is set at $4.07 per share and $4.0699 per pre-funded warrant, aiming to raise gross proceeds of approximately $75 million.
May 03, 2024 | 11:35 am
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Abeona Therapeutics is raising approximately $75 million through an underwritten offering of shares and pre-funded warrants, priced at $4.07 per share/warrant.
The capital raise through this offering could provide Abeona Therapeutics with significant financial resources, potentially improving its financial health and supporting its operations or growth initiatives. This might be viewed positively by investors, potentially leading to a short-term positive impact on the stock price. However, the dilutive effect of the new shares and warrants could temper some of the positive sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100