Spyre Therapeutics Announces Pricing of $200 Million Public Offering of Common Stock
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Spyre Therapeutics, a clinical-stage biotechnology company, has announced the pricing of its public offering of 7,275,000 shares at $27.50 per share, aiming to raise $200 million. The company focuses on innovative treatments for inflammatory bowel disease.
November 19, 2024 | 2:30 am
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Spyre Therapeutics has priced its public offering at $27.50 per share, intending to raise $200 million. This move could impact the stock price as it increases the number of shares available in the market.
The public offering increases the number of shares available, which can lead to a dilution of existing shares, potentially putting downward pressure on the stock price in the short term. However, the raised capital could be used for growth, which might offset the negative impact.
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