PepGen Files $250M Mixed Securities Shelf
Portfolio Pulse from Benzinga Newsdesk
PepGen has filed a $250 million mixed securities shelf, allowing the company to issue various types of securities over time. This move provides PepGen with the flexibility to raise capital as needed.
June 28, 2024 | 8:09 pm
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PepGen has filed a $250 million mixed securities shelf, which allows the company to issue different types of securities over time. This provides PepGen with the flexibility to raise capital as needed, which could be used for various corporate purposes including expansion, research, and development.
The filing of a mixed securities shelf indicates that PepGen is preparing to raise capital, which can be a positive sign of growth and expansion. This flexibility allows the company to issue securities as needed, which can be beneficial for funding new projects or research and development. Investors may view this as a positive development, leading to a potential short-term increase in stock price.
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