PepGen Inc.Announces Pricing of $80.1 Million Underwritten Offering of Common Stock
BOSTON, Feb.07, 2024 PepGen Inc.(Nasdaq: PEPG) made a significant announcement today regarding the pricing of an underwritten offering of 7,530,000 shares of its common stock at a price of $10.635 per share.The aggregate gross proceeds to PepGen from this offering are expected to be approximately $80.1 million, before deducting underwriting discounts and commissions and offering expenses payable by the company.The offering is set to close on or about February 9, 2024, subject to customary closing conditions.
As of the writing of this article, PepGen Inc’s share price stands at $10.635, showing an impressive increase of 71.22% over the course of the last month.This rise in share price reflects growing investor confidence in PepGen’s mission to transform the treatment of severe neuromuscular and neurological diseases through innovative oligonucleotide therapies.
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