Eledon Pharmaceuticals Announces Pricing of $85 Million Underwritten Offering of Common Stock and Pre-Funded Warrants
Eledon Pharmaceuticals, Inc. (ELDN)
Company Research
Source: GlobeNewswire
IRVINE, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Eledon Pharmaceuticals, Inc. (“Eledon”) (NASDAQ: ELDN), today announced the pricing of its underwritten offering of (i) 18,356,173 shares of its common stock at a price of $3.65 per share and (ii) pre-funded warrants to purchase up to an aggregate of 4,931,507 shares of common stock at a price of $3.649 per pre-funded warrant. The pre-funded warrants will be immediately exercisable and will have an exercise price of $0.001 per share. The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be approximately $85 million. All of the shares of common stock and pre-funded warrants in the offering are to be sold by Eledon. The offering is expected to close on or about October 30, 2024, subject to the satisfaction of customary closing conditions. The financing includes participation from new and existing investors, including BVF Partners LP, RA Capital Management,
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News
- Eledon Pharmaceuticals, Inc. (NASDAQ: ELDN) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $16.00 price target on the stock.MarketBeat
- Eledon Pharmaceuticals, Inc.'s (NASDAQ:ELDN) market cap dropped US$48m last week; individual investors who hold 57% were hit as were institutions [Yahoo! Finance]Yahoo! Finance
- Eledon Pharmaceuticals Announces Recent Business Highlights and Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Eledon Pharmaceuticals Announces Recent Business Highlights and Third Quarter 2024 Financial ResultsGlobeNewswire
- Eledon Pharmaceuticals to Participate in Guggenheim Securities Inaugural Healthcare Innovation ConferenceGlobeNewswire
ELDN
Earnings
- 11/12/24 - Miss
ELDN
Analyst Actions
- 11/20/24 - HC Wainwright
ELDN
Sec Filings
- 12/20/24 - Form 8-K
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- ELDN's page on the SEC website