TNYA - Tenaya Therapeutics stock slides 19.4% on pricing ~$75M securities offering
- Tenaya Therapeutics ( NASDAQ: TNYA ) shares are down 19.4% after-hours after the firm has priced its underwritten public offering of 22,613,307 shares of its common stock at a price of $2.60/share and, to certain investors in lieu of common stock, pre-funded warrants to purchase up to an aggregate of 6,236,693 shares of its common stock at a purchase price of $2.599/pre-funded warrant.
- All of the securities are to be sold by Tenaya.
- Underwriters are granted a 30-day option to purchase up to an additional 4,327,500 shares of its common stock.
- Tenaya expects to receive total gross proceeds of ~$75M.
- Offering is expected to close on or about November 21, 2022.
For further details see:
Tenaya Therapeutics stock slides 19.4% on pricing ~$75M securities offering