HilleVax (HLVX) Announces Proposed $100M Share Offering

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HilleVax Announces Proposed Public Offering of Common Stock

September 19, 2023 4:09 PM EDT

BOSTON, Sept. 19, 2023 (GLOBE NEWSWIRE) -- HilleVax, Inc. (Nasdaq: HLVX), a clinical-stage biopharmaceutical company focused on developing and commercializing novel vaccines, today announced that it intends to offer and sell, subject to market and other conditions, $100.0 million of shares of its common stock in an underwritten public offering. All of the shares are being offered by HilleVax. In addition, HilleVax expects to grant the underwriters a 30-day option to purchase up to an additional $15.0 million of shares of common stock at the public offering price, less underwriting discounts and commissions. The proposed... More