other material
confidence high
sentiment positive
materiality 0.30
Precision BioSciences sells 25,000 shares at $12 to management in private placement
PRECISION BIOSCIENCES INC
- Gross proceeds ~$300k from sale of 25,000 shares at $12.00/share (13.5% premium to prior day close).
- CEO Michael Amoroso and CFO Alex Kelly each purchase 8,334 shares ($100k); GC and CRO purchase 833 shares each.
- Net proceeds to be used to fund ongoing research and development initiatives; close expected May 8, 2024.