Seeking Alpha

Vaxart down 35% after pricing equity offering

|About: Vaxart, Inc. (VXRT)|By:, SA News Editor

Vaxart (NASDAQ:VXRT) has priced its public offering of 9.1M common shares (including pre-funded warrants to purchase up to 8.2M common stock), and common warrants to purchase the same amount of shares at $1.10 per share and warrant, for gross proceeds of ~$10M.

Each warrant will have an exercise price of $1.10 per share and will expire five years from the date of issuance.

Underwriters over-allotment is an additional 1,363,636 shares and/or warrants.

Closing date is April 11.

Shares are down 35% premarket.

Try Seeking Alpha PREMIUM for unlimited analysis on VXRT