XOMA (XOMA) Prices 1.4M Shares at $25

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Go back to XOMA (XOMA) Prices 1.4M Shares at $25

XOMA Prices $35 Million Offering of Depositary Shares

April 6, 2021 7:01 PM EDT

EMERYVILLE, Calif., April 06, 2021 (GLOBE NEWSWIRE) -- XOMA Corporation (Nasdaq: XOMA) (XOMA or the Company) today announced the pricing of its underwritten registered public offering of 1,400,000 depositary shares at an initial public offering price of $25.00 per depositary share, raising gross proceeds of $35.0 million before deducting underwriting discounts and other estimated offering expenses.  Each depositary share represents a 1/1000th fractional interest in a share of the Companys 8.375% Series B Cumulative Perpetual Preferred Stock.  Dividends on the Series B Preferred Stock underlying the depositary shares will be paid when declared by the Board at a fixed rate of 8.375%... More