Sesen Bio Announces Pricing of Public Offering of Common Stock and Warrants
Sesen Bio, Inc. (SESN)
Last sesen bio, inc. earnings: 11/12 07:00 am
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Source: Business Wire
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Sesen Bio (Nasdaq: SESN), a late-stage clinical company developing targeted fusion protein therapeutics for the treatment of patients with cancer, today announced the pricing of an underwritten public offering of 20,410,000 shares of its common stock and warrants to purchase 20,410,000 shares of its common stock at a public offering price of $1.47 per share and accompanying warrant. The warrants will be exercisable commencing on the date of issuance, will expire on the 12-month anniversary of the date of issuance and will have an exercise price of $1.47 per share, subject to certain adjustments. The gross proceeds of the offering to the Company are expected to be approximately $30 million, before deducting the underwriting discounts and commissions and other estimated offering expenses and excluding gross proceeds from the exercise of any warrants. The closing of the o
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