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MIST - Milestone Pharma down 18% after pricing $45M equity offering
Milestone Pharmaceuticals Inc.
Milestone Pharmaceuticals (MIST) has priced its public offering of ~3.8M common shares and, to certain investors, pre-funded warrants to purchase ~4.8M common shares at $0.01 at $5.25 per share of stock and $5.24 per warrant. Gross proceeds should be $45M.Underwriters' over-allotment is an additional ~1.3M common shares.Closing date is October 27.Yesterday's close was $7.00.Shares down 18% premarket on light volume.