Outlook Therapeutics prices $55.0 million stock-and-warrant offering at $0.99 per share
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Outlook Therapeutics priced a $55.0m underwritten public offering at $0.99 per share with immediately exercisable $1.10 warrants, adding near-term equity supply and potential dilution while extending liquidity runway. Proceeds are earmarked for commercialization and general corporate purposes tied to LYTENAVA" regulatory and launch efforts. The event is largely idiosyncratic to the issuer and should have limited broader market spillover.
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Outlook Therapeutics said it priced a public offering at $0.99 per share of common stock along with warrants, with the warrants exercisable at $1.10 per share immediately and expiring in five years. The company expects gross proceeds of about $55.0 million, with net proceeds intended for general corporate purposes and to support regulatory approvals for its wet AMD treatment with the FDA, in the EU and with the UK’s MHRA. The underwriters were also granted an option to buy additional securities.
