Day One Biopharmaceuticals Announced An Oversubscribed Private Placement Of Gross Proceeds Of Approximately $175M, Offering 10.55M Shares At $14.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
Day One Biopharmaceuticals announced an oversubscribed private placement, raising approximately $175 million by offering 10.55 million shares at $14.50 per share. Certain investors also purchased pre-funded warrants.
July 30, 2024 | 11:17 am
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Day One Biopharmaceuticals raised approximately $175 million through an oversubscribed private placement, offering 10.55 million shares at $14.50 per share. Additionally, certain investors purchased pre-funded warrants.
The successful raising of $175 million through an oversubscribed private placement indicates strong investor confidence and provides the company with significant capital for its operations and growth. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100