secwatch / observer
8-K filed June 2, 2023, 7:59 PM ET ticker LXRX CIK 0001062822
other material confidence high sentiment neutral materiality 0.75

Lexicon raises $125M in public offering and private placement to fund INPEFA launch

LEXICON PHARMACEUTICALS, INC.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

LEXICON PHARMACEUTICALS, INC. entered into Purchase Agreement with Artal International S.C.A., Artal Group S.A., Artal International Management S.A., Invus Advisors, L.L.C., Invus Public Equities, L.P., Invus, L.P., Mr. Amaury Wittouck, Stichting Administratiekantoor Westend, Westend S.A. valued at 24,152,218 shares of common stock at Public Offering Price, total purchase price approx. $72.2 milli (effective 2023-05-31).

Action
entry
Agreement
equity purchase
Counterparty
Artal International S.C.A., Artal Group S.A., Artal International Management S.A., Invus Advisors, L.L.C., Invus Public Equities, L.P., Invus, L.P., Mr. Amaury Wittouck, Stichting Administratiekantoor Westend, Westend S.A.
Value
24,152,218 shares of common stock at Public Offering Price, total purchase price approx. $72.2 milli
Effective
2023-05-31
Exact text from the filing
On May 31, 2023, the Company entered into a Purchase Agreement (the “ Purchase Agreement ”) with Artal International S.C.A., Artal Group S.A., Artal International Management S.A., Invus Advisors, L.L.C., Invus Public Equities, L.P., Invus, L.P. (“ Invus ”), Mr. Amaury Wittouck, Stichting Administratiekantoor Westend and Westend S.A (collectively, the “ Invus Entities ”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

LEXICON PHARMACEUTICALS, INC. entered into Underwriting Agreement with Citigroup Global Markets Inc., Jefferies LLC, Piper Sandler & Co. valued at 23,924,705 shares of common stock at $2.60 per share, net proceeds approx. $66.9 million (effective 2023-05-31).

Action
entry
Agreement
underwriting
Counterparty
Citigroup Global Markets Inc., Jefferies LLC, Piper Sandler & Co.
Value
23,924,705 shares of common stock at $2.60 per share, net proceeds approx. $66.9 million
Effective
2023-05-31
Exact text from the filing
On May 31, 2023, Lexicon Pharmaceuticals, Inc. (the “ Company ”) entered into an Underwriting Agreement (the “ Underwriting Agreement ”) with Citigroup Global Markets Inc. (“ Citigroup ”), Jefferies LLC (“ Jefferies ”) and Piper Sandler & Co. (“ Piper Sandler ”), as representatives of the several underwriters named therein (the “ Underwriters ”), relating to a public offering (the “ Public Offering ”) of 23,924,705 shares (the “ Shares ”) of the Company’s common stock, par value $0.001 per share (“ Common Stock ”).
View on SEC.gov

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LEXICON PHARMACEUTICALS, INC. filing history →

Source: SEC EDGAR
accession 0001193125-23-159886
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