Soleno Therapeutics, Inc. (Nasdaq: SLNO), a pioneering biopharmaceutical company in the rare disease sector, has declared the launch of a significant public offering. The company is offering 3 million shares of its common stock to the public at $46.00 per share, with expectations to raise gross proceeds of around $138 million. This capital raise is…
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Reddit’s IPO surges, signals renewed investor confidence in tech
The debut that may herald a resurgence of investor confidence in high-potential yet unprofitable tech firms, Reddit’s shares soared by 48% on their inaugural trading day in New York. Despite its consistent lack of profitability since its inception in 2005, Reddit has captivated investors’ imaginations by showcasing its platform as a fertile testing ground for…
Kosmos Energy acquires additional Ghana interests from OXY for $550mn
DALLAS, TEXAS: Kosmos Energy has acquired an additional 18% interest in the Jubilee field and an additional 11% interest in the TEN fields in Ghana from Occidental Petroleum (OXY) for a purchase price of $550 million with an effective date of April 1, 2021. Consideration due to Occidental Petroleum (OXY) at completion was approximately $460…
U.S. Energy Corp. plans public offering of common stock
HOUSTON: U.S. Energy Corp. has announced intention to offer its common shares in an underwritten public offering. In connection with the offering, the Company expects to grant the underwriters a 45-day option to purchase an additional 15% of the shares of its common stock offered in the public offering on the same terms and conditions.…
urban-gro announces pricing of $54mn public offering and Nasdaq listing
LAFAYETTE: urban-gro Inc. announced the pricing of an underwritten public offering of 5.4 million shares at a public offering price of $10 per share for aggregate gross proceeds of $54 million. In addition, urban-gro has granted the underwriters a 45-day option to purchase up to an additional 810,000 shares of common stock at the public…
Oncorus prices public offering of 3.0 million common shares
CAMBRIDGE: Oncorus Inc. announced the pricing of its underwritten public offering of 3.0 million shares of its common stock at a price to the public of $19 per share. All shares of common stock in the offering are being offered by Oncorus. The gross proceeds to Oncorus from the offering, before deducting underwriting discounts and…
Forma Therapeutics launches proposed public offering of 4.6m shares
WATERTOWN: Forma Therapeutics Holdings it has launched a proposed public offering of 4.6 million shares of its common stock, a news release said. All of the shares of common stock in the offering will be offered by Forma. In addition, Forma expects to grant the underwriters a 30-day option to purchase up to 690,000 additional…
Veritone Inc. proposes public offering of common stock
COSTA MESA: Veritone Inc. has commenced an underwritten public offering of shares of its common stock, a news release said. Veritone Inc. also expects to grant the underwriters for the offering a 30-day option to purchase additional shares of its common stock. Stifel is acting as the lead book-running manager for the offering. JMP Securities…
National Storage Affiliates Trust launches public offering of common shares
DENVER: National Storage Affiliates Trust (NYSE: NSA) has commenced an underwritten public offering of 4,500,000 common shares of beneficial interest of the Company in connection with the forward sale agreements described below, subject to market and other conditions. The forward sellers or their respective affiliates expect to grant the underwriters a 30-day option to purchase…
Spectrum Pharmaceuticals announces proposed public offering of common stock
HENDERSON: Spectrum Pharmaceuticals Inc. intends to offer and sell shares of its common stock in an underwritten registered public offering, a news release said. All of the shares in the offering are to be sold by Spectrum. Spectrum also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of…