Kaleido Biosciences Inc. (KLDO) to Offer Common Stock

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Go back to Kaleido Biosciences Inc. (KLDO) to Offer Common Stock

Kaleido Biosciences Announces Proposed Public Offering of Common Stock

June 1, 2020 4:16 PM EDT

LEXINGTON, Mass., June 01, 2020 (GLOBE NEWSWIRE) -- Kaleido Biosciences, Inc. (Nasdaq: KLDO), a clinical-stage healthcare company with a chemistry-driven approach to targeting the microbiome to treat disease and improve human health, today announced that it intends to sell, subject to market and other conditions, $30 million of shares of its common stock in an underwritten public offering. Kaleido also intends to grant the underwriters a 30-day option to purchase an additional $4.5 million of shares of its common stock offered in the public offering.  There can be no assurance as to whether... More