Xenon Pharmaceuticals (XENE) Announces $250M Proposed Public Offering of Common Shares

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Xenon Pharmaceuticals (XENE) Prices 8.47M Share Offering at $29.50/sh

October 6, 2021 5:44 AM EDT

Xenon Pharmaceuticals Inc. (Nasdaq: XENE), a clinical stage biopharmaceutical company, today announced the pricing of its underwritten public offering of 8,474,577 common shares and, in lieu of common shares to certain investors, pre-funded warrants to purchase up to 1,694,915 common shares pursuant to its existing shelf registration statement. The common shares are being offered at a public offering price of $29.50 per common share and the pre-funded warrants are being offered at a price of $29.4999 per pre-funded warrant. The gross proceeds to Xenon from the offering, before deducting underwriting discounts and commissions and other offering... More