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OPTN - Optinose under pressure on launch of stock offering
OptiNose Inc.
Optinose (NASDAQ:OPTN) intends to offer and sell its common shares in a public offering. Shares are down 26.8% premarket at $1.75. Underwriters' over-allotment is an an additional 15% of shares. Price and other terms have not yet been determined. Net proceeds will be used for working capital and general corporate purposes, including the commercialization and development of XHANCE and other potential development programs. Earlier, the company also reported Q3 2021 financial results.