Agenus Files for Resale of Up to 78 Million Shares
MT Newswires Live
Aug 08
Agenus (AGEN) filed a registration statement Friday for the potential resale of up to 78 million common shares by selling securityholders.
The shares include about 1.6 million outstanding common shares, 21.4 million shares issuable upon the exercise of pre-funded warrants and 54.9 million shares issuable upon the exercise of purchase warrants.
Agenus said it would receive proceeds only from any cash exercise of the warrants, which it intends to use for general corporate and working capital purposes. It will not receive any proceeds from sales of common stock by the selling securityholders.
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.