Nkarta Prices $240 M Underwritten Offering
DENVER, Colo., Mar 25, 2024 (247marketnews.com)- Nkarta, Inc. (NASDAQ:NKTX) stated, this morning, that it priced an underwritten offering of 21,010,000 shares of its common stock at a price of $10.00 per share and pre-funded warrants to purchase 3,000,031 shares of common stock, for approximately $240 million in gross proceeds to Nkarta, before deducting underwriting discounts and commissions and offering expenses, and is expected to close on or about March 27, 2024, subject to customary closing conditions.
Nkarta plans to use the offering net proceeds to fund the continued research and clinical development of NKX019, the continued buildout of internal manufacturing capabilities, and for working capital and for general corporate purposes.
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