Inovio proposes underwritten public offering of common stock, warrants
INO•Inovio launches underwritten public offering
Inovio launched an underwritten public offering of common stock with accompanying warrants, or pre-funded warrants in lieu of common stock.
The deal includes a 30-day underwriter option to buy up to 15% more shares and/or accompanying warrants on the same terms.
Piper Sandler was named sole manager for the offering.
The transaction remains subject to market conditions, with size and pricing not yet set.
