other material
confidence high
sentiment neutral
materiality 0.75
Rezolute prices $90M registered direct offering of common stock and pre-funded warrants at $3.25/share
Rezolute, Inc.
- Priced underwritten offering of 20.8M shares and 6.9M pre-funded warrants for gross proceeds of ~$90M; net proceeds ~$84.2M.
- Insiders to purchase up to $10M of common stock in concurrent private placement at same $3.25 price.
- Underwriters granted 30-day option for additional 4.15M shares; closing expected April 24, 2025.
- Participants include Federated Hermes, Blackstone, Great Point Partners, Marshall Wace, Woodline, and others.
- Proceeds to fund R&D and general corporate purposes.