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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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.