other material
confidence high
sentiment neutral
materiality 0.60
Benitec Biopharma closes ~$30.5M equity offering; issues 2.043M shares and pre-funded warrants
Benitec Biopharma Inc.
- Gross proceeds ~$30.5M from underwritten offering of 1.143M shares + 300K pre-funded warrants at $13.00/$12.999 per share.
- Direct offering to Averill Master Fund and Averill Madison Master Fund of 900K shares at $13.00 per share.
- Post-closing: 25,546,288 common shares outstanding; warrants for 5,876,866 common shares and 15,270,807 pre-funded warrants.
- Pre-funded warrants have exercise price of $0.0001 per share.
- All securities sold in concurrent offerings at same price of $13.00 per share.