Cytokinetics (CYTK) Prices 9.8M Share Offering at $51/sh

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Go back to Cytokinetics (CYTK) Prices 9.8M Share Offering at $51/sh

Cytokinetics Announces Pricing of Public Offering of Common Stock

May 22, 2024 11:30 PM EDT

SOUTH SAN FRANCISCO, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (Nasdaq: CYTK) today announced the pricing of an underwritten public offering of 9,803,922 shares of its common stock at a price to the public of $51.00 per share, before underwriting discounts and commissions. The gross proceeds to Cytokinetics from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Cytokinetics, are expected to be approximately $500 million. The offering is expected to close on May 28, 2024, subject to customary closing conditions. Additionally, Cytokinetics has granted the underwriters a 30-day option to... More