Allakos (ALLK) Announces $250M Proposed Public Offering of Common Stock
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Allakos Announces Proposed Public Offering of Common Stock
October 27, 2020 4:08 PM EDTREDWOOD CITY, Calif., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Allakos Inc. (the Company) (Nasdaq: ALLK), a biotechnology company developing AK002 for the treatment of eosinophil and mast cell related diseases, today announced it intends to offer and sell, subject to market and other conditions, $250 million of shares of its common stock in an underwritten public offering. In addition, Allakos expects to grant the underwriters a 30-day option to purchase up to $37.5 million of additional shares of the Companys common stock. All of the shares in the proposed offering will be sold by the... More
