Allogene Therapeutics (ALLO) Announces Pricing of $110 million Offering of Common Stock

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Go back to Allogene Therapeutics (ALLO) Announces Pricing of $110 million Offering of Common Stock

Allogene Therapeutics Announces Pricing of $110 million Offering of Common Stock

May 13, 2024 4:47 PM EDT

SOUTH SAN FRANCISCO, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Allogene Therapeutics, Inc. (Nasdaq: ALLO), a clinical-stage biotechnology company pioneering the development of allogeneic CAR T (AlloCAR T) products for cancer and autoimmune disease, today announced the pricing of an underwritten offering of 37,931,035 shares of its common stock at a price of $2.90 per share. The gross proceeds from this offering are expected to be approximately $110 million, before deducting the underwriting discount and commissions and estimated offering expenses payable by Allogene.

The offering is anchored by mutual funds and large institutional investors and includes leading... More