Annexon (ANNX) Prices $125M Share and Warrant Offering at $2.88/sh

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Annexon Announces Pricing of $125.0 Million Underwritten Public Offering of Common Stock

December 20, 2023 5:27 PM EST

BRISBANE, Calif., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Annexon, Inc. (NASDAQ: ANNX), a clinical-stage biopharmaceutical company developing a new class of complement medicines for patients with classical complement-mediated autoimmune, neurodegenerative and ophthalmic disorders, today announced the pricing of an underwritten public offering of 25,035,000 shares of its common stock and pre-funded warrants to purchase 18,379,861 shares of common stock. The shares of common stock are being sold at a price of $2.88 per share and the pre-funded warrants are being sold at a price of $2.879 per share.

The total gross proceeds to Annexon are expected to be approximately $125.0... More