secwatch.observer — SEC 8-K summary
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Issuer:     MADRIGAL PHARMACEUTICALS, INC. (MDGL)
CIK:        0001157601
Form:       8-K
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0001193125-24-084797
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Madrigal raises ~$86M from underwriters' option exercise; total offering ~$660M
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- Underwriters exercised option to purchase 346,153 shares at $260.00 per share.
- Option exercise closed on April 2, 2024; net proceeds of ~$86 million.
- Aggregate net proceeds from the offering and option exercise expected ~$660 million.
- Offering included 750,000 shares and pre-funded warrants for 1,557,692 shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157601/000119312524084797/0001193125-24-084797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157601/000119312524084797/d818318d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-084797

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