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XENE / Xenon Pharmaceuticals Announces Closing of $345 Million Public Offering Including Full Exercise of the Underwriters' Option to Purchase Additional Shares

Xenon Pharmaceuticals Announces Closing of $345 Million Public Offering Including Full Exercise of the Underwriters' Option to Purchase Additional Shares

BURNABY, British Columbia, Oct. 08, 2021 (GLOBE NEWSWIRE) -- Xenon Pharmaceuticals Inc. (Nasdaq:XENE), a clinical stage biopharmaceutical company, today announced the closing of its previously announced underwritten public offering of 10,000,000 common shares, which includes 1,525,423 shares sold upon the full exercise of the underwriters' option to purchase additional shares, and pre-funded warrants to purchase 1,694,915 common shares. The common shares were offered at a public offering price of $29.50 per common share and the pre-funded warrants were offered at a price of $29.4999 per pre-funded warrant, with each pre-funded warrant having an exercise price of $0.0001. The aggregate gross proceeds to Xenon from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Xenon, were approximately $345.0 million. Read More

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Xenon

Pharmaceuticals

Announces

Closing

345 Million

Public

Offering

Including

Exercise

Underwriters

Option

Purchase

Additional

Stock

XENE

Posted: Oct 8 2021, 14:15

Author Name: GlobeNewsWire

XENE News

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