other material
confidence high
sentiment negative
materiality 0.70
Xenon Pharmaceuticals announces public offering of 7.87M shares and pre-funded warrants for net proceeds of ~$234.6M
Xenon Pharmaceuticals Inc.
- Offering of 7,868,854 common shares and pre-funded warrants for 327,868 shares at $30.50/share and $30.4999/warrant.
- Net proceeds expected ~$234.6M after underwriting discounts and estimated expenses.
- Underwriters granted 30-day option to purchase up to 1,229,508 additional common shares at $28.67/share.
- Pre-funded warrants exercisable immediately at $0.0001 per share until exercised in full.