On Monday, UroGen Pharma Priced The Public Offering Of 5M Shares At $17.50/Share, Pre-funded Warrants To Purchase 1.14M Shares At $17.499/Pre-funded Warrant, With Gross Proceeds Of Approximately $107.5M
Portfolio Pulse from Benzinga Newsdesk
UroGen Pharma has priced a public offering of 5 million shares at $17.50 per share and pre-funded warrants to purchase 1.14 million shares at $17.499 per warrant, aiming to raise approximately $107.5 million in gross proceeds.
June 18, 2024 | 9:01 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
UroGen Pharma has announced a public offering of 5 million shares at $17.50 per share and pre-funded warrants for 1.14 million shares at $17.499 per warrant, with expected gross proceeds of $107.5 million.
The public offering will likely dilute existing shares, which typically leads to a short-term decrease in stock price. However, the raised capital could be used for growth initiatives, potentially benefiting the company in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100