other material
confidence high
sentiment neutral
materiality 0.70
Taysha Gene Therapies prices $75M public offering of common stock and pre-funded warrants
Taysha Gene Therapies, Inc.
- Gross proceeds ~$75M; 14,361,113 shares at $2.25 each and 18,972,221 pre-funded warrants at $2.249 each.
- Net proceeds ~$70M (~$80.6M if underwriters exercise option for 5M additional shares).
- Cash runway extended into Q4 2026; proceeds fund operating expenses and capex.
- Pre-funded warrants exercisable at $0.001 per share with 4.99%/9.99% ownership caps.
- Jefferies, Goldman Sachs, and Cantor act as book-running managers; closing expected June 27, 2024.