DNLI - Denali Therapeutics prices $275M stock offering
- Denali Therapeutics ( NASDAQ: DNLI ) has priced its underwritten public offering of 10,377,359 shares of its common stock at a price to the public of $26.50/share.
- All of the shares are to be sold by Denali Therapeutics.
- Underwriters are granted a 30-day option to purchase up to an additional 1,556,603 shares of its common stock.
- Denali Therapeutics expects to receive total gross proceeds of ~$275M.
- Offering is expected to close on or about October 24, 2022.
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Denali Therapeutics prices $275M stock offering