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Stock impact report

Passage Bio Announces Exercise of Underwriters’ Option to Purchase Additional Shares

Passage Bio, Inc. (PASG) 
Company Research Source: GlobeNewswire
PHILADELPHIA, March 09, 2020 (GLOBE NEWSWIRE) -- Passage Bio, Inc. (Nasdaq: PASG), a genetic medicines company focused on developing transformative therapies for rare, monogenic central nervous system disorders with limited or no approved treatment options, today announced that the underwriters of its previously announced initial public offering of 12,000,000 shares of common stock have exercised their option to purchase additional shares of common stock at the public offering price of $18.00 per share for gross proceeds of $32.4 million and total offering gross proceeds of $248.4 million, each before underwriting discounts and commissions and other offering expenses payable by Passage Bio. The issuance of the additional shares closed on March 9, 2020, and all of the shares were sold by Passage Bio. Passage Bio’s common stock is listed on the Nasdaq Select Global Market under the ticker symbol “PASG”. J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Cowen and Company, LLC ac Show less Read more
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