secwatch.observer — SEC 8-K summary
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Issuer:     Annexon, Inc. (ANNX)
CIK:        0001528115
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001193125-23-301190
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Annexon prices $125M underwritten offering of common stock and pre-funded warrants
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- Gross proceeds expected ~$125M from 25,035,000 shares at $2.880 and 18,379,861 pre-funded warrants at $2.879.
- Closing expected December 26, 2023; Jefferies and TD Cowen act as joint book-running managers.
- Pre-funded warrants exercisable immediately; holder limited to 9.99% beneficial ownership unless increased.
- Offering dilutes existing shareholders; shares and warrants represent ~43M shares if fully exercised.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528115/000119312523301190/0001193125-23-301190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528115/000119312523301190/d456025d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-301190

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer