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ALVR - AlloVir shares slide on pricing $75M of stock offering
AlloVir Inc.
2023-06-22 02:45:10 ET
AlloVir ( NASDAQ: ALVR ) is down 21.3% after-hours on Wednesday after the firm has priced an underwritten public offering of 20M shares of its common stock at a price of $3.75/share.
Gross proceeds are expected to be $75.0M.
All shares in the offering are to be sold by AlloVir.
Underwriters are granted a 30-day option to purchase up to an additional 3M shares of its common stock at the public offering price.
Offering is expected to close on or about June 26, 2023.