Belite Bio Announces Exercise of Warrants for US$28.75 Million Gross Proceeds
Belite Bio, Inc - American Depositary Shares (BLTE)
Company Research
Source: GlobeNewswire
SAN DIEGO, Nov. 03, 2024 (GLOBE NEWSWIRE) -- Belite Bio, Inc (NASDAQ: BLTE) (“Belite Bio” or the “Company”), a clinical-stage biopharmaceutical drug development company focused on advancing novel therapeutics targeting degenerative retinal diseases that have significant unmet medical needs, today announces the entry into a definitive agreement for the immediate exercise of certain outstanding warrants to purchase up to an aggregate of 651,380 ordinary shares of the Company originally issued in April 2024, at an exercise price of US$44.14 per share. The gross proceeds to the Company from the exercise of the warrants are expected to be approximately US$28.75 million. The Company intends to use the net proceeds from the offering for general corporate purposes. The ordinary shares issuable upon exercise of the warrants are registered pursuant to effective registration statement on Form F-3 (File No. 333-272125) filed with the SEC on May 30, 2023. The offering is expected to close o
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News
- Belite Bio, Inc (NASDAQ: BLTE) had its price target raised by analysts at Maxim Group from $60.00 to $110.00. They now have a "buy" rating on the stock.MarketBeat
- Belite Bio, Inc (NASDAQ: BLTE) had its price target raised by analysts at HC Wainwright from $60.00 to $100.00. They now have a "buy" rating on the stock.MarketBeat
- Belite Bio Reports Third Quarter 2024 Financial Results and Provides a Corporate UpdateGlobeNewswire
- Belite Bio to Host Webcast on November 12, 2024, to Discuss Third Quarter 2024 Financial ResultsGlobeNewswire
- Belite Bio Announces Presentations at the American Academy of Ophthalmology 2024 Annual MeetingGlobeNewswire
BLTE
Earnings
- 11/12/24 - Beat
BLTE
Sec Filings
- 11/20/24 - Form 144
- 11/19/24 - Form 144
- 11/12/24 - Form 6-K
- BLTE's page on the SEC website