ImmunityBio Plans Public Offering of Common Stock

MT Newswires Live12-11

ImmunityBio (IBRX) said Tuesday it plans to offer and sell common shares in an underwritten public offering.

The company said it expects to give its underwriters, a 30-day option to buy up to an additional 15% of the number of common shares sold in the offering.

ImmunityBio plans to use the net proceeds from the offering to support the commercialization of Anktiv for BCG-unresponsive non-muscle invasive bladder cancer, trials for BCG-naive NMIBC and non-small cell lung cancer, research and development, working capital, and other general corporate purposes.

Shares of ImmunityBio were down more than 14% in recent after-hours activity.

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