Denali Therapeutics (DNLI) to Offer $150M in Common Stock

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Denali Therapeutics Announces Proposed Offering of Common Stock

January 27, 2020 4:09 PM EST

SOUTH SAN FRANCISCO, Calif., Jan. 27, 2020 (GLOBE NEWSWIRE) -- Denali Therapeutics Inc. (NASDAQ: DNLI) today announced that it intends to offer and sell shares of its common stock in an underwritten public offering of $150 million of shares of its common stock. In addition, Denali Therapeutics intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of the shares of common stock offered in the public offering. The proposed offering is subject to market and other conditions, and there can be no assurance as... More