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0.00394572480387046 -0.00795093289624122 0.0244344130651739 0.0270781147763098 0.0436673430136878 0.0905269558435722 0.0905269558435722 0.0905269558435722
Stock impact report

Engene stock skyrockets as Montreal gene therapy developer raises $200-million on Nasdaq [Globe and Mail, The (Toronto, Canada)]

enGene Holdings Inc. (ENGN) 
oversubscribed private placement priced 31 per cent above its previous closing price. The company's NASDAQ-listed stock soared 94 per cent to US$13.75 in midafternoon trading after the company said it had sold 20 million common shares at US$10 apiece. The stock closed Tuesday at US$7.62 and more than doubled in value at one point Wednesday. Participating investors include new and prior backers, including Adage Captial Partners, Blue Owl Healthcare Opportunities, Boxer Capital, Citadel-owned Surveyor Captial, Janus Henderson Investors and early backer Lumira Ventures of Toronto It's the second transformative financing for the 25-year-old company in the past four months, nearly doubling its 23.2-million share count. It became a public company after it merged in November with a special purpose acquisition company, raising US$53-million in net proceeds. The financings are expected to fund enGene through trials and to its first commercial launch. The share sale was tempered by news t Show less Read more
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