HOOKIPA Pharma climbs 35%, prices $30M offering
- HOOKIPA Pharma (NASDAQ:HOOK) prices an underwritten public offering of ~22.9M common shares and 15,268 shares of its non-voting Series A-2 convertible preferred stock.
- The public offering price of each share of common stock is $1.31 and the public offering price of each share of non-voting Series A-2 preferred stock is $1,310.00 (each share of non-voting Series A-2 preferred stock is convertible into 1,000 shares of common stock).
- Gross proceeds expected are ~$50M.
- The offering is expected to close on June 5, 2023.
- The stock price is up 35% during late hours on Wednesday.