other material
confidence high
sentiment neutral
materiality 0.65
Rezolute prices $60M public offering of 11.25M shares and pre-funded warrants at $4.00/share
Rezolute, Inc.
- Offering includes 11,250,000 shares of common stock at $4.00/share and pre-funded warrants for 3,750,000 shares at $3.999 each.
- Expected net proceeds of approximately $56M (or $64.5M if underwriters' option is fully exercised).
- Proceeds to fund R&D and general corporate purposes; closing expected on or about June 17, 2024.
- Jefferies and Cantor Fitzgerald act as joint book-running managers; underwriters have 30-day option for additional 2.25M shares.
- Lock-up agreements with officers, directors, and certain stockholders for 90 days post-offering.