Aeon Biopharma Prices $13.8 Million Underwritten Public Offering

MT Newswires Live
Jul 14

Aeon Biopharma (AEON) has priced an underwritten public offering of 42.7 million shares, or pre-funded warrants, for gross proceeds of $13.8 million, the company said Tuesday.

The offering price is $0.3221 per share, or $0.3220 per pre-funded warrant, with each share accompanied by one two-year milestone warrant and one five-year milestone warrant, the company said.

Aeon said it can potentially raise up to $43.3 million due to the additional $29.6 million if the milestone warrants are fully exercised.

The offering is expected to close on or about Wednesday. Proceeds are expected to be used for working capital and general corporate purposes, including conducting comparative analytical testing on ABP-450 to support biosimilarity to Botox, the company said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10