By Connor Hart
Shares of Inovio Pharmaceuticals fell after the company priced a $25 million public offering.
The stock slid 6.5% to $2.01 on Tuesday. Despite losing more than 60% of their value over the past year, shares have gained roughly 35% in the past three months.
Ahead of the opening bell, the drugmaker said it plans to sell about 13.2 million shares of common stock at $1.90 apiece. Inovio will also grant underwriters a 30-day option to purchase up to nearly 2 million shares at the offering price, minus underwriting fees.
Piper Sandler & Co. is acting as sole manager for the offering, and all shares are being sold by Inovio. The offering is expected to close on or about Nov. 12.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
November 11, 2025 11:21 ET (16:21 GMT)
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