Sana Biotechnology drops 13% on $75M stock issuance, prices at $3.35

2 days ago 1

Sana Biotechnology (NASDAQ:SANA) priced its underwritten public offering of ~20.89M shares at $3.35 per share and, in lieu of common stock to certain investors, pre-funded warrants to purchase ~1.5M shares at $3.3499 per pre-funded warrant.
Underwriters have a 30-day option

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