Sunesis prices stock offering; shares down 27% premarket [Seeking Alpha]
SUNESIS PHARMACEUTICALS (SNSS)
Last sunesis pharmaceuticals earnings: 3/10 04:05 pm
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US:NASDAQ Investor Relations:
ir.sunesis.com/investor-overview
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Source: Seeking Alpha
Sunesis Pharmaceuticals (NASDAQ: SNSS ) has priced its public offerings of 33,333,667 common shares and 8,333 shares of non-voting Series F Convertible Preferred Stock, at $0.60 and $600 per share, respectively, for combined gross proceeds of ~$25M. Each Series F Share is convertible into 1,000 common shares. Underwriters over-allotment is an additional 5,000,050 common shares. Net proceeds will be used to fund development of vecabrutinib, ongoing R&D and general corporate purposes. Closing date is July 15. Shares are down premarket. Previously: Sunesis readies stock offering; shares down 27% after hours (July 10) See all stocks on the move » Now read: Eloxx Pharmaceuticals: Buy, Sell Or Hold? » Subscribe for full text news in your inbox
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