PRAX - Praxis Precision Medicines proposes stock offering shares slip

2023-06-15 16:25:12 ET

• Praxis Precision Medicines ( NASDAQ: PRAX ) said Thursday it plans to conduct a public offering of its common stock.
• All shares in the offering will be offered by the company.
• The underwriters are expected to have a 30-day option to purchase up to an additional 15% of the shares of common stock.
• Piper Sandler and Truist Securities will act as the joint book-running managers for the proposed offering.
• Details on pricing and the number of shares to be offered were not disclosed.
• Press Release .
• Shares -11.6% at 80 cents after hours.

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