Sangamo Therapeutics Launches $23 Million Share Offering with Warrants Priced at $0.50 Each

Reuters
05-13
Sangamo <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Launches $23 Million Share Offering with Warrants Priced at $0.50 Each

Sangamo Therapeutics, Inc., a genomic medicine company, announced the pricing of a $23.0 million underwritten offering. The offering comprises 12,235,000 shares of common stock and pre-funded warrants to purchase 34,398,393 shares, along with accompanying warrants to purchase 46,633,393 shares of common stock. Each share of common stock and accompanying warrant is priced at $0.50, while each pre-funded warrant and accompanying warrant is priced at $0.49. Warrants have an exercise price of $0.75 per share, becoming exercisable six months post-issuance with a six-year expiry. The offering is expected to conclude around May 14, 2025, with the proceeds aimed at working capital and general corporate purposes. Cantor is acting as the sole book-running manager for the offering.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sangamo Therapeutics Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250512000530) on May 12, 2025, and is solely responsible for the information contained therein.

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