- Bionomics ( NASDAQ: BNOX ) shares are down 8.2% after-hours after the firm has priced an underwritten follow-on offering in the United States of 641,026 American Depositary Shares, each representing 180 ordinary shares of Bionomics, at a public offering price of $7.80/ADS, representing a 1.63% discount to the volume weighted average price for the 15 days recorded as on Nov.16 2022.
- All ADSs to be sold in the offering will be sold by Bionomics.
- Underwriters are granted an option to purchase up to an additional 96,153 ADSs at the public offering price.
- Gross proceeds of the offering are expected to be ~$5.0M.
- Offering is expected to close on or about 22 November 2022.
For further details see:
Bionomics slides on pricing ADS offering at $7.80