Eledon Pharmaceuticals Announces Oversubscribed $50 Million Private Placement [Yahoo! Finance]
Eledon Pharmaceuticals, Inc. (ELDN)
Company Research
Source: Yahoo! Finance
securities purchase agreement with certain institutional and accredited healthcare investors for a private investment in public equity financing that is expected to result in gross proceeds of approximately $50 million, before deducting offering expenses. Pursuant to the terms of the securities purchase agreement, Eledon is selling an aggregate of 13,110,484 shares of its common stock ("Common Stock") at a price of $2.37 per share and pre-funded warrants at a price of $2.369 per underlying share, which are exercisable to purchase 7,989,516 shares of Common Stock at a price of $0.001 per share. The financing is expected to close the week of May 6, 2024, subject to satisfaction of customary closing conditions. The oversubscribed financing was led by BVF Partners LP and includes participation from new and existing investors. The Company intends to use the net proceeds from the private placement to fund pre-commercial activities for its products and general corporate purposes, which wil
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ELDN
News
- Eledon Pharmaceuticals (ELDN) Moves to Buy: Rationale Behind the Upgrade [Yahoo! Finance]Yahoo! Finance
- First human to receive transplanted pig kidney dies [Reuters]Reuters
- Eledon Pharmaceuticals Reports First Quarter 2024 Operating and Financial Results [Yahoo! Finance]Yahoo! Finance
- Eledon Pharmaceuticals Reports First Quarter 2024 Operating and Financial ResultsGlobeNewswire
- Eledon Pharmaceuticals to Present Updated Data from Ongoing Phase 1b Trial of Tegoprubart in Patients Undergoing Kidney Transplantation at the American Transplant Congress [Yahoo! Finance]Yahoo! Finance
ELDN
Earnings
- 5/9/24 - Beat
ELDN
Analyst Actions
- 3/22/24 - HC Wainwright
ELDN
Sec Filings
- 5/15/24 - Form 10-Q
- 5/13/24 - Form 4
- 5/13/24 - Form 8-K
- ELDN's page on the SEC website