Reported Earlier, Scholar Rock Prices Upsized $300M Public Offering Of 10,265,488 Common Stock At $28.25/Share And Pre-Funded Warrant
Portfolio Pulse from Benzinga Newsdesk
Scholar Rock Holding Corporation (NASDAQ:SRRK) announced an upsized public offering of 10,265,488 shares of common stock at $28.25 per share, along with pre-funded warrants. This move aims to raise $300 million to support its biopharmaceutical initiatives.
October 09, 2024 | 6:13 am
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Scholar Rock's upsized public offering of $300M at $28.25/share is likely to impact its stock price. The capital raised will support its biopharmaceutical projects, potentially enhancing its growth prospects.
The upsized public offering indicates strong investor interest and provides Scholar Rock with significant capital to advance its projects. This could lead to positive sentiment and a potential increase in stock price.
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