other material
confidence high
sentiment neutral
materiality 0.70
Annexon prices $125M public offering of common stock and pre-funded warrants
Annexon, Inc.
- Priced 13,001,120 shares at $6.25/sh and 7M pre-funded warrants at $6.249/sh; gross proceeds $125M.
- Net proceeds expected ~$116.9M after underwriting discounts and expenses; offering closed June 7, 2024.
- Underwriters granted 30-day option to purchase up to 3,000,168 additional shares.
- J.P. Morgan, Jefferies, TD Cowen, BofA Securities and Wells Fargo Securities served as joint book-running managers.
- Funds will support development of classical complement-mediated neuroinflammatory therapies.