Kadmon (KDMN) Prices 26M Share Common Offering at $3.40/Sh

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Go back to Kadmon (KDMN) Prices 26M Share Common Offering at $3.40/Sh

Kadmon Announces Pricing of Public Offering of Common Stock

November 13, 2019 8:58 PM EST

NEW YORK, NY / ACCESSWIRE / November 13, 2019 / Kadmon Holdings, Inc. (NYSE: KDMN) ("Kadmon") today announced the pricing of an offering of 26,000,000 shares of its common stock at a public offering price of $3.40 per share in an underwritten offering (the "Offering"). The gross proceeds to Kadmon from the Offering, before deducting underwriting discounts and commissions and other estimated expenses payable by Kadmon, are expected to be $88.4 million. In addition, Kadmon has granted the underwriters in the Offering a 30-day option to purchase up to an additional 3,900,000 shares of Kadmon's common stock on the same... More