Savara Announces Pricing Of $100M Underwritten Offering Of Common Stock Of 26,246,720 Shares Of Its Common Stock At A Price Of $3.81 Per Share
Portfolio Pulse from Benzinga Newsdesk
Savara Inc. (NASDAQ:SVRA) announced the pricing of a $100 million underwritten offering of 26,246,720 shares of its common stock at $3.81 per share. The offering is expected to close on July 1, 2024, and includes investors such as Bain Capital Life Sciences and Wellington Management.
June 28, 2024 | 12:50 pm
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Savara Inc. announced a $100 million underwritten offering of 26,246,720 shares at $3.81 per share. The offering is expected to close on July 1, 2024.
The announcement of a large underwritten offering typically leads to a short-term decrease in stock price due to dilution concerns. However, the involvement of reputable investors may mitigate some negative sentiment.
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