RYTM - Rhythm Pharmaceuticals announces $100M stock offering; shares fall 12% after hours
- Rhythm Pharmaceuticals ( NASDAQ: RYTM ) on Wednesday announced a proposed public offering of $100M of its shares.
- Shares of RYTM, which ended 24.3% higher on Wednesday, dropped ~12% after hours.
- RYTM intends to grant underwriters a 30-day option to buy up to an additional $15M of shares at the public offering price.
- There can be no assurance as to whether or when the offering may be completed.
- RYTM stock has more than doubled in value YTD.
For further details see:
Rhythm Pharmaceuticals announces $100M stock offering; shares fall 12% after hours