REGENXBIO Prices Offering Of 10,003,889 Shares At $9.00 Per Share And 1,111,111 Pre-Funded Warrants At $8.9999 Per Warrant
The gross proceeds to REGENXBIO from the offering, before deducting the underwriting discounts and commissions and other offering expenses payable by REGENXBIO, are expected to be approximately $100.0 million. This
REGENXBIO is selling new shares and special investment contracts to raise about $100 million in cash. When a company does this, watch whether they use the money wisely on their business, since new shares can dilute what current owners hold.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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