4D Molecular Therapeutics Entered Into A Sales Agreement With Leerink Partners; Pursuant To Prospectus Supplement Relating To Offering, Co May Sell Up To $250M Of Common Stock
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4D Molecular Therapeutics (FDMT) has entered into a sales agreement with Leerink Partners, allowing the company to sell up to $250 million of common stock, as per an SEC filing.
June 07, 2024 | 9:19 pm
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4D Molecular Therapeutics has entered into a sales agreement with Leerink Partners to sell up to $250 million of common stock. This move could potentially dilute existing shares but also provide the company with significant capital for growth and operations.
The sales agreement allows FDMT to raise up to $250 million, which could be used for growth and operations. However, the issuance of new shares may dilute the value of existing shares, leading to a neutral short-term impact on the stock price.
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