CG Oncology Announces Closing of Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares
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CG Oncology, Inc. (Nasdaq: CGON) has successfully closed its public offering of 9.2 million shares, including the full exercise of the underwriters' option to purchase additional shares, at $28.00 per share.
December 16, 2024 | 9:30 pm
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CG Oncology has completed a public offering of 9.2 million shares at $28 per share, including the full exercise of the underwriters' option to purchase additional shares. This move is likely to provide the company with additional capital for its operations.
The successful closing of the public offering and the full exercise of the underwriters' option indicates strong demand and confidence in CG Oncology's prospects. The additional capital can support the company's development and commercialization efforts, potentially leading to positive short-term stock price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100