Reported Earlier, Ultragenyx Prices $350M Public Offering Of 7,435,898 Common Shares At $39/Share And Pre-Funded Warrants
Author: Benzinga Newsdesk | June 14, 2024 02:27am
In addition, in lieu of issuing common stock to certain investors, the company is offering pre-funded warrants to purchase 1,538,501 shares of its common stock at a purchase price of $38.999 per pre-funded warrant, which equals the public offering price per share of the common stock less the $0.001 exercise price per share of each pre-funded warrant. The aggregate gross proceeds to the company from this offering is expected to be $350 million, before deducting underwriting discounts and commissions and other offering expenses, and excluding the exercise of any pre-funded warrants.
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