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Intellia Therapeutics (NTLA) closes $115 million offering

June 6, 2020 3:22pm

NTLA priced an offering of 6,301, 360 shares of its common stock at a public offering price of $18.25 per share. Intellia also granted the underwriters a 30-day option to purchase up to an additional 821,917 shares

The gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses have increased to $100 million from $75 million

Friday NTLA closed down -$0.29 or -1.41% to $20.35

NTLA inreased the size public offering to $1115 million (from $100 million and $75 million). Intellia also intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of the shares of common stock offered in the public offering. All of the shares in the proposed offering are to be sold by NTLA.

Stats:

Shares outstanding: 51.38 million

Float; 44.39 million

Short ratio: 13.95

Shares short (5/15): 13.95

Short % of float: 30.62%

Cash position: $250.26 M

Debt: 24.36 M

Goldman Sachs & Co. LLC, Jefferies and SVB Leerink are acting as joint book-running managers for the proposed offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

35 companies, 1 interpreter!

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