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

|About: Kadmon Holdings (KDMN)|By:, SA News Editor

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.