other material
confidence high
sentiment neutral
materiality 0.65
Viridian Therapeutics enters $300M ATM equity offering with Jefferies; terminates prior $175M ATM
Viridian Therapeutics, Inc.\DE
- New Open Market Sale Agreement with Jefferies LLC allows sale of up to $300M in common stock.
- Proceeds to fund clinical development of veligrotug and other candidates, plus commercialization preparation.
- Prior $175M ATM agreement terminated; $115.2M of shares sold under it.
- Jefferies will receive up to 3% commission on gross proceeds; no obligation to sell shares.
- Company may suspend or terminate sales at any time.