Aligos Therapeutics Raises $84M Via Equity At 7% Discount

  • Aligos Therapeutics Inc ALGS has priced a previously announced underwritten public offering of 4.4 million shares at $19 per share, representing a discount of 7% from the last close price of $20.3 on Wednesday.
  • The gross proceeds will be approximately $83.6 million.
  • Underwriters have an option to purchase up to an additional 660,000 shares.
  • The offering will close by July 6.
  • J.P. Morgan, Jefferies, and Piper Sandler are acting as the joint book-running managers for the offering. Cantor is acting as a lead manager for the offering.
  • Recently, the company announced preliminary data in healthy volunteers from Phase 1a/b multi-part trial of Aligos' S-antigen Transport-inhibiting Oligonucleotide Polymers (STOPS) compound ALG-010133.
  • Price Action: ALGS shares closed at $20.3 on Wednesday.
Market News and Data brought to you by Benzinga APIs
Posted In: BiotechNewsHealth CareFinancingOfferingsSmall CapGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!