Taysha Gene Therapies Disclosed That It Has Commenced An Underwritten Public Offering Of Up To $75M Of Shares Of Its Common Stock And, In Lieu Of Common Stock To Certain Investors That So Choose, Pre-funded Warrants To Purchase Shares Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Taysha Gene Therapies has announced an underwritten public offering of up to $75 million in common stock and pre-funded warrants.
June 26, 2024 | 7:02 am
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Taysha Gene Therapies has announced an underwritten public offering of up to $75 million in common stock and pre-funded warrants. This move is likely to dilute existing shares and could put downward pressure on the stock price in the short term.
The announcement of a public offering typically leads to dilution of existing shares, which can result in a decrease in stock price. The offering size of $75 million is significant relative to the company's market cap, increasing the likelihood of a negative short-term impact.
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