Solid Biosciences Announces Pricing of Underwritten Offering
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Solid Biosciences Inc. announced the pricing of an underwritten offering of common stock and pre-funded warrants, expecting to raise approximately $200 million. The offering is set to close on February 19, 2025.
February 18, 2025 | 12:15 pm
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Solid Biosciences is conducting an underwritten offering of common stock and pre-funded warrants, aiming to raise $200 million. This move could impact the stock price due to potential dilution.
The offering involves issuing new shares and pre-funded warrants, which can lead to stock dilution. This typically results in a short-term negative impact on the stock price as the market adjusts to the increased share count.
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