MeiraGTx Holdings plc (MGTX) Announces 12.5M Share Offering at $4/sh

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Go back to MeiraGTx Holdings plc (MGTX) Announces 12.5M Share Offering at $4/sh

MeiraGTx Announces Pricing of Offering of Ordinary Shares Led by Sanofi

August 12, 2024 7:03 AM EDT

LONDON and NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- MeiraGTx Holdings plc (Nasdaq: MGTX), a vertically integrated, clinical stage genetic medicine company, today announced the pricing of an underwritten offering of 12,500,000 of its ordinary shares at an offering price of $4.00 per share. Gross proceeds to MeiraGTx from the offering are expected to be $50 million, before deducting underwriting discounts and commissions and offering expenses. All of the ordinary shares in the offering are being sold by MeiraGTx.

The financing was led by Sanofi, which made a $30 million equity investment in MeiraGTx through the... More