other material
confidence high
sentiment neutral
materiality 0.70
Liquidia raises $67.5M in equity and activates $32.5M debt facility
Liquidia Corp
- Private placement of 1,123,595 shares at $8.90/share to Caligan Partners LP (fund controlled by director David Johnson) for $10M.
- Underwritten public offering of 6,460,674 shares at $8.90/share for gross proceeds of $57.5M.
- Fifth Amendment to RIFA with HealthCare Royalty Partners provides $32.5M additional funding; condition satisfied by equity raises.
- All transactions closed on September 12, 2024.