Ascentage Pharma Announces Partial Exercise of Underwriters' Option to Purchase Additional American Depositary Shares
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Ascentage Pharma announced the partial exercise of underwriters' option to purchase additional ADSs, increasing the total ADSs sold to 8,260,144 and gross proceeds to approximately $142.5 million.
February 07, 2025 | 1:45 pm
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Ascentage Pharma's underwriters partially exercised their option to purchase additional ADSs, increasing the total ADSs sold and gross proceeds.
The partial exercise of the over-allotment option indicates strong demand for Ascentage Pharma's ADSs, which is a positive signal for the stock price. The increase in gross proceeds also strengthens the company's financial position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100