other material
confidence high
sentiment neutral
materiality 0.70
REGENXBIO prices upsized public offering of common stock and pre-funded warrants at $23.00 per share
REGENXBIO Inc.
- Offering includes 4,565,260 shares at $23.00 and 1,521,740 pre-funded warrants at $22.9999, with gross proceeds ~$140M.
- Net proceeds expected ~$131.2M (or $150.9M if underwriters fully exercise 30-day option for 913,050 additional shares).
- Underwriters include Morgan Stanley, Goldman Sachs, Barclays, and Stifel as joint book-running managers.
- Pre-funded warrants have $0.0001 exercise price, are exercisable immediately, and do not expire.
- Offering expected to close March 11, 2024, under shelf registration statement (File No. 333-269086).