other material
confidence high
sentiment neutral
materiality 0.70
Rezolute raises ~$67M through public offering and concurrent private placement
Rezolute, Inc.
- Underwriters exercised over-allotment option for 1,786,589 shares at $4.00 each.
- Total offering: 13,036,589 shares plus pre-funded warrants for 3.75M shares; gross proceeds ~$67M.
- Concurrent private placement of 1.5M shares at $4.00/share for ~$6M in additional gross proceeds.
- Net proceeds will fund clinical R&D (RZ358 for hyperinsulinism) and working capital.
- Jefferies and Cantor acted as joint book-running managers for the public offering.