other material
confidence high
sentiment neutral
materiality 0.70
Denali Therapeutics prices $275M public offering of 10.4M shares at $26.50/share
Denali Therapeutics Inc.
- Priced 10,377,359 shares of common stock at $26.50 per share for gross proceeds of ~$275M.
- Underwriters granted 30-day option to purchase up to an additional 1,556,603 shares.
- Gross proceeds would be ~$316.2M if option exercised in full.
- Offering expected to close on or about October 24, 2022, subject to closing conditions.
- Goldman Sachs, J.P. Morgan, and Jefferies are joint book-running managers.