other material
confidence high
sentiment neutral
materiality 0.35
BioAge Labs sells 588,888 shares to Sofinnova at $18 in private placement concurrent with IPO
BioAge Labs, Inc.
- Private placement of 588,888 shares to existing stockholder Sofinnova at IPO price of $18.00/share, raising $10.6 million.
- Placement agents Goldman Sachs, Morgan Stanley, Jefferies, Citigroup received 7.0% fee on total purchase price.
- Shares unregistered, issued under Section 4(a)(2) to an institutional accredited investor; registration rights after one year if not saleable under Rule 144.
- Closing occurred on September 27, 2024, concurrently with the IPO closing.