Rezolute (RZLT) said Wednesday that it has priced an offering of 20.8 million shares at $3.25 per share and pre-funded warrants to purchase up to 6.9 million shares at $3.2490 per warrant.
Gross proceeds from the offering before are expected to be $90 million, the company said.
Rezolute said it has also granted underwriters a 30-day option to purchase up to 4.2 million.
The offering is expected to close on Thursday, the company said.
Rezolute said it plans to use net proceeds from the offering for research and development and general corporate expenses.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.