Reported Earlier, Annexon Prices $125M Underwritten Public Offering Of 13,001,120 Common Shares At $6.25/Share
Portfolio Pulse from Benzinga Newsdesk
Annexon has priced its $125 million underwritten public offering of 13,001,120 common shares at $6.25 per share. Additionally, pre-funded warrants to purchase 7,000,000 shares of common stock are being offered at $6.249 per share.
June 06, 2024 | 6:12 am
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Annexon has announced the pricing of its $125 million underwritten public offering, which includes 13,001,120 common shares at $6.25 per share and pre-funded warrants for 7,000,000 shares at $6.249 per share.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution concerns. The offering price of $6.25 per share is also a key factor for investors.
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