Praxis Precision Medicines, Inc. Announces Pricing of $200 Million Public Offering
The gross proceeds from the offering are expected to be approximately $200 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Praxis.
- The gross proceeds from the offering are expected to be approximately $200 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Praxis.
- All shares and pre-funded warrants in the offering are being offered by Praxis.
- In addition, Praxis has granted the underwriters a 30-day option to purchase up to 530,973 additional shares of common stock at the public offering price, less underwriting discounts and commissions.
- The offering is expected to close on or about April 2, 2024, subject to market conditions and the satisfaction of customary closing conditions.