Solid Biosciences launches $90M private placement, shares up 23% premarket.

• Solid Biosciences (NASDAQ:SLDB) to issue 24,324,320 common shares at $3.70 /share in a private placement, for gross proceeds of $90M.
• Closing date is December 15.
• Net proceeds will fund research and development expenses, including the advancement of SGT-001 and will be used for working capital and other general corporate purposes.
• Shares up 23% premarket.
• Press release