Denali Therapeutics prices $275M stock offering
Oct. 20, 2022 4:56 AM ETDenali Therapeutics Inc. (DNLI)By: Meghavi Singh, SA News Editor
- Denali Therapeutics (NASDAQ:DNLI) has priced its underwritten public offering of 10,377,359 shares of its common stock at a price to the public of $26.50/share.
- All of the shares are to be sold by Denali Therapeutics.
- Underwriters are granted a 30-day option to purchase up to an additional 1,556,603 shares of its common stock.
- Denali Therapeutics expects to receive total gross proceeds of ~$275M.
- Offering is expected to close on or about October 24, 2022.