other material
confidence high
sentiment neutral
materiality 0.75
ProKidney prices upsized $130M offering of 53.7M shares at $2.42 per share
PROKIDNEY CORP.
- Total offering of 53,719,009 shares at $2.42/share; net proceeds expected ~$136.7M.
- Public offering of 42,744,220 shares; underwriters have 30-day option for 6,411,633 more.
- Concurrent direct offering of 11,030,574 shares to certain investors; closings not contingent.
- Expected close June 13; proceeds for clinical trials, R&D, pre-commercial activities.
- Jefferies, J.P. Morgan, Guggenheim lead underwriting; PJT Partners as co-manager/adviser.