- Annexon ( NASDAQ: ANNX ) entered into a securities purchase agreement for a private placement that is expected to result in gross proceeds of ~$130M.
- The company is selling 9.01M shares, pre-funded warrants to purchase up to 24.7M shares and accompanying warrants to purchase up to 8.4M shares at a combined price of $3.87/share of stock and accompanying warrant and $3.87 for pre-funded warrant and accompanying common warrant.
- The accompanying common warrants will have an exercise price of $5.8/share and will be immediately exercisable and expire on June 30, 2025.
- Offer is expected to close on July 11, 2022.
- Shares trading 3.3% higher premarket.
For further details see:
Annexon to raise $130M in stock and warrant offering