Applied Genetic Technologies (AGTC) Announces Proposed 6M Share Public Offering of Common Stock

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AGTC Announces Proposed Public Offering of Common Stock

February 5, 2020 4:36 PM EST

GAINESVILLE, Fla. and CAMBRIDGE, Mass., Feb. 05, 2020 (GLOBE NEWSWIRE) -- Applied Genetic Technologies Corporation (Nasdaq: AGTC), a biotechnology company conducting human clinical trials of adeno-associated virus (AAV)-based gene therapies for the treatment of rare diseases, today announced that it has commenced an underwritten public offering of 6,000,000 shares of its common stock.  All the shares in the offering will be sold by AGTC.  In addition, AGTC expects to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares of its common stock sold in the public offering.  The... More