Oruka Therapeutics Announced A Private Investment In Public Equity Financing For Gross Proceeds Of Approximately $200M, Offering 5.6M Shares At $23/Share, 2,439 Shares Of Its Series A Non-voting Convertible Preferred Stock At $23,000 Per Share, And Pre-funded Warrants To Purchase 680,000 Shares At $22.999 Per Pre-funded Warrant
Portfolio Pulse from Benzinga Newsdesk
Oruka Therapeutics has announced a PIPE financing deal, raising approximately $200 million. The company is offering 5.6 million shares at $23 each, 2,439 Series A non-voting convertible preferred stock at $23,000 each, and pre-funded warrants for 680,000 shares at $22.999 each.
September 12, 2024 | 11:09 am
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Oruka Therapeutics has raised $200 million through a PIPE financing, offering common shares, preferred stock, and pre-funded warrants. This influx of capital could support the company's growth and development initiatives.
The PIPE financing provides Oruka Therapeutics with significant capital, which can be used for growth and development. The offering of common shares, preferred stock, and pre-funded warrants indicates a strategic move to strengthen the company's financial position. This is likely to have a positive short-term impact on the stock price as it reflects investor confidence and provides resources for future projects.
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