Annexon Commences Public Offering Of $125M Of Shares Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Annexon has announced a public offering of $125 million worth of its common stock. The company is also granting underwriters a 30-day option to purchase an additional $18.75 million of shares.
June 04, 2024 | 9:09 pm
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Annexon is conducting a public offering of $125 million in common stock, with an additional $18.75 million option for underwriters.
The public offering will likely dilute existing shares, which could lead to a short-term decrease in the stock price. However, the additional capital could be beneficial in the long term.
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