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Kadmon prices stock offering at $3; shares down 21%

Published 09/26/2017, 10:05 AM
© Reuters.  Kadmon prices stock offering at $3; shares down 21%
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  • Kadmon Holdings (KDMN -20.8%) prices its public offering of 9.6M shares of common stock at $3 per share and accompanying warrants. Gross proceeds should be $72M.
  • Underwriters over-allotment is an additional 2.775M shares and/or warrants to purchase up to 1.11M shares. Closing date is September 28.
  • Each warrant is exercisable for 0.40 of a share of common at $3.25.
  • Now read: Nektar Therapeutics Building A More Exciting Pipeline


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