MAIA Biotechnology (MAIA) Prices 2.22M Share IPO at $2.25/sh

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Go back to MAIA Biotechnology (MAIA) Prices 2.22M Share IPO at $2.25/sh

MAIA Biotechnology, Inc. Announces Pricing of Public Offering

April 24, 2023 9:06 PM EDT

NEW YORK--(BUSINESS WIRE)-- MAIA Biotechnology, Inc. (NYSE: MAIA) (MAIA or the Company), a clinical-stage biopharmaceutical company developing targeted immunotherapies for cancer, today announced the pricing of an underwritten public offering of 2,222,200 shares of its common stock at a public offering price of $2.25 per share, for gross proceeds of approximately $5 million, before deducting underwriting discounts and other offering expenses. In addition, MAIA has granted the underwriters a 45-day option to purchase up to an additional 333,300 shares of common stock to cover over-allotments at the public offering price, less the underwriting discount.

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