other material
confidence high
sentiment negative
materiality 0.75
Sangamo raises ~$25M in underwritten offering of common stock and warrants; amends prior warrants
SANGAMO THERAPEUTICS, INC
- Offering of 35.19M shares + pre-funded warrants for 17.79M shares, each with a purchase warrant for 52.98M shares.
- Combined price per share+ warrant is $0.4719; pre-funded warrant+ warrant at $0.4619; gross proceeds ~$25M.
- Existing warrants held by investor repriced from $1.00 to $0.4719 and expiration extended to 5.5 years from closing.
- Closing expected February 4, 2026; proceeds for general corporate purposes.