other material
confidence high
sentiment neutral
materiality 0.55
Puma Biotechnology raises $10M via private placement with CEO and Athyrium
PUMA BIOTECHNOLOGY, INC.
- Sold 3,584,228 shares at $2.79 each to CEO Alan Auerbach and an Athyrium fund for $10M gross proceeds.
- Each purchaser committed ~$5M; placement closed March 10, 2022, at closing price.
- Proceeds will be used for general corporate purposes; company to file resale registration statement within 135 days.
- Private placement exempt from registration under Section 4(a)(2) of Securities Act.
- CEO Auerbach participated alongside Athyrium, an existing noteholder affiliate.