2024-01-08 07:30:07 ET
- Solid Biosciences ( NASDAQ: SLDB ) has entered into private placement to sell 16,973,103 shares of common stock at a price of $5.53 per share and, in lieu of common stock, pre-funded warrants to purchase up to 2,712,478 shares of common stock at a price of $5.529 per pre-funded warrant for an aggregate proceeds of ~$108.9M.
- The private placement is being conducted to satisfy the minimum price requirement.
- Net proceeds will be used to fund ongoing pipeline development programs, business development activities, and for working capital and other general corporate purposes.
- Closing date is January 11, 2024.
- Source: Press Release
For further details see:
Solid Biosciences raises $109M through private placement