Ardelyx files $250M securities offering
Jan. 19, 2023 6:36 AM ETArdelyx, Inc. (ARDX)By: Preeti Singh, SA News Editor14 Comments
- Biopharmaceutical firm Ardelyx (NASDAQ:ARDX) has filed to offer and sell up to a maximum aggregate offering price of $250M of its common stock, preferred stock, debt securities, warrants, and/or units.
- Terms of the offering are yet to be determined.
- The registration statement also contains a sales agreement prospectus supplement covering the offering of up to $150M of ARDX common stock from time to time under an open market sale agreement with Jefferies as sales agent.
- ARDX shares fell over 2% in Thursday's premarket session