Inovio Pharmaceuticals (INO) said Friday it has priced a public offering of 10 million shares and accompanying warrants to purchase the same number of shares at $3 per share and accompanying warrant.
The warrants are exercisable at a price of $3.76 per share.
Gross proceeds from the offering, which is expected to close Dec. 16, are estimated to be $30 million.
Shares of Inovio Pharmaceuticals fell more than 23% in recent premarket trading Friday.
Price: 2.89, Change: -0.87, Percent Change: -23.14
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments