other material
confidence high
sentiment neutral
materiality 0.70
Exagen prices public offering of 3.35M shares at $5.25/share for ~$17.6M gross proceeds
EXAGEN INC.
- 3,350,000 shares priced at $5.25; gross proceeds $17.6M; net expected ~$16.2M after expenses.
- Underwriter Canaccord Genuity has a 30-day option to buy up to 502,500 additional shares.
- Offering expected to close May 9, 2025; proceeds for working capital and general corporate purposes.
- All shares sold by Exagen; no binding acquisition agreements at this time.