Allurion Announces Pricing Of $17.3M Public Offering Of 14,406,508 Shares Of Its Common Stock At A Price Of $1.20 Per Share And $2.7M Concurrent Private Placement To Sell To Funds Affiliated With RTW Investments; Aggregate Proceeds Expected To Be ~$20M
Portfolio Pulse from Benzinga Newsdesk
Allurion Technologies, Inc. (NYSE: ALUR) announced a public offering of 14,406,508 shares of its common stock at $1.20 per share, raising $17.3 million. Additionally, a $2.7 million private placement with RTW Investments will bring total proceeds to $20 million. The offering is expected to close around July 1, 2024.
June 28, 2024 | 1:08 pm
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Allurion Technologies announced a public offering of 14,406,508 shares at $1.20 per share, raising $17.3 million, and a $2.7 million private placement with RTW Investments, totaling $20 million in proceeds. The offering is expected to close around July 1, 2024.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution concerns. However, the raised capital could be beneficial in the long term.
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