Vaxart Inc. (VXRT) announced an underwritten offering of 50 million shares of its common stock at an offering price of $0.80 per share, which is a premium to the last closing price of $0.75 per share.
The company expects gross proceeds from the offering to be $40 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the company.
The offering is expected to close on or about June 17, 2024.
Oppenheimer & Co. is acting as sole bookrunner for the offering.
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