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Stock impact report

enGene Announces Oversubscribed $200 Million Private Placement Financing [Yahoo! Finance]

enGene Holdings Inc. (ENGN) 
Company Research Source: Yahoo! Finance
BOSTON and MONTREAL Feb. 14, 2024 /PRNewswire/ - enGene Holdings Inc. (Nasdaq: ENGN or "enGene" or the "Company"), a clinical-stage genetic medicines company whose non-viral lead program EG-70 is in a pivotal study for BCG-unresponsive non-muscle invasive bladder cancer (NMIBC), today announced that it has agreed to sell 20 million of its common shares at a price per share of , representing a 31% premium over the closing price on February 13, 2024 . The financing is expected to close on February 16, 2024 , subject to customary closing conditions. enGene anticipates the gross proceeds from the private placement to be $200 million , before deducting any offering-related expenses. The financing included participation from new and existing investors, including Adage Capital Partners, LP, Blue Owl Healthcare Opportunities, Boxer Capital, Commodore Capital, Cormorant Asset Management, Deep Track Capital, an affiliate of Deerfield Management Company, Foresite Capital, Janus Henderson Inve Show less Read more
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