Indication intelligence, analysis and sector perception

Homology Medicines (FIXX) prices $50 million offering at $7.90

April 7, 2021 10:16am

FIXX closed down -$0.34 or -3.53% to $9.30

With a -$1.57 or -16.88% pre-market indication to $7.73

FIXX intends to offer and sell, subject to market and other conditions, $50 million of its common stock in an underwritten public offering.

Homology expects to grant the underwriter a 30-day option to purchase up to an additional $7.5 million of its common stock. All of the shares in the proposed offering are to be sold by Homology.

BTIG is the sole book-running manager for the offering.

Stats:

52-week change: -41.33%

52-week low $8.70 and high of $19.40

Short percentage (%) of float: 4.43%

Cash position: $217.43 M

Total cash per share: $4.31

Debt: $15.44 M

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