other material
confidence high
sentiment neutral
materiality 0.65
Inovio prices $30M public offering of 10M shares and warrants
INOVIO PHARMACEUTICALS, INC.
- 10M shares at $3.00/share plus warrants to buy 10M shares at $3.76, 5-year term.
- Gross proceeds $30M; net proceeds ~$27.6M after discounts and expenses.
- Closing expected December 16, 2024, subject to customary conditions.
- Warrants include 4.99% beneficial ownership limitation (up to 9.99% on election).
- Oppenheimer & Co. and Citizens JMP joint book-runners; Stephens Inc. lead manager.