Athenex stock slides on proposed securities offering

Aug. 10, 2022 4:18 PM ETAthenex, Inc. (ATNX)By: Preeti Singh, SA News Editor
  • Athenex (NASDAQ:ATNX) shares dropped over 41% during Wednesday's extended trading after the biopharmaceutical company proposed an underwritten public offering of common stocks and warrants.
  • Terms of the offering are yet to be determined.
  • The offering will consist of shares of ATNX common stock, or pre-funded warrants to purchase common stock in lieu of common stock to certain investors, and accompanying warrants to purchase shares of common stock.

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