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Stock impact report

Solid Biosciences Announces $60 Million Private Placement with New and Existing Investors

Solid Biosciences Inc. (SLDB) 
Last solid biosciences inc. earnings: 8/14 07:25 am Check Earnings Report
US:NASDAQ Investor Relations: investors.solidbio.com/investor-relations
Company Research Source: GlobeNewswire
CAMBRIDGE, Mass., July 26, 2019 (GLOBE NEWSWIRE) -- Solid Biosciences Inc. (Nasdaq: SLDB) today announced that it has entered into a securities purchase agreement with a select group of institutional investors and accredited investors for a $60 million private placement, which is expected to close on or about July 30, 2019, subject to the satisfaction of customary closing conditions.   The private placement includes a mix of new and existing investors, including Perceptive Advisors, LLC, Boxer Capital, LLC, EcoR1 Capital, LLC, Bain Capital Life Sciences, RA Capital Management, Waverly Capital, Invus and certain board members and executive officers.   SVB Leerink acted as the exclusive placement agent to the Company in connection with the private placement. In this private placement, the Company is selling 10,607,525 shares of common stock at a price of $4.65 per share, representing a premium to the share price as of market close on July 25, 2019. In addition, the Company is selli Show less Read more
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