Revolution Medicines Announces Pricing of Upsized $750.0 Million Public Offering of Common Stock and Pre-Funded Warrants
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Revolution Medicines, Inc. (Nasdaq: RVMD) announced a $750 million public offering of common stock and pre-funded warrants. The offering includes 14,130,436 shares at $46.00 per share and pre-funded warrants for 2,173,917 shares. The offering is expected to close on December 5, 2024.
December 04, 2024 | 4:00 am
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Revolution Medicines is conducting a $750 million public offering of common stock and pre-funded warrants, potentially diluting existing shares but raising significant capital for the company.
The public offering of $750 million in common stock and pre-funded warrants by Revolution Medicines is likely to lead to short-term stock price pressure due to dilution. However, the capital raised could support the company's growth and development of targeted therapies, which may be positive in the long term.
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