Xenon Pharmaceuticals prices upsized USD 650 million public offering at USD 57 per share

Reuters03-11
Xenon Pharmaceuticals prices upsized USD 650 million public offering at USD 57 per share

Xenon priced an upsized underwritten public offering of 10.53 million common shares at USD 57 per share. The offering also includes pre-funded warrants to purchase up to 0.88 million common shares at USD 57 per warrant. Gross proceeds are expected to be about USD 650 million, before underwriting discounts and offering expenses. The underwriters have a 30-day option to buy up to 1.71 million additional common shares at the public offering price. A preliminary prospectus supplement and accompanying prospectus were filed with the SEC and are available at www.sec.gov.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xenon Pharmaceuticals Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603102239PRIMZONEFULLFEED9669840) on March 11, 2026, and is solely responsible for the information contained therein.

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