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INOVIO Announces Pricing of Approximately $75 Million Public Offering
The company plans to use the proceeds for corporate financing and general purposes, with underwriters able to buy additional shares.
On Thursday, INOVIO Pharmaceuticals, Inc. announced pricing of a public offering expected to generate approximately $75 million in gross proceeds.
The company priced 58,747,235 shares of common stock at $1.05 per share and pre-funded warrants to purchase 12,681,337 shares at $1.049 per warrant.
Jefferies LLC and Piper Sandler & Co. are acting as joint book-running managers, while H.C. Wainwright & Co. serves as lead manager.
The offering is expected to close on or about Monday, November 9, 2026; underwriters hold a 30-day option to purchase up to 10,714,285 additional shares.
INOVIO focuses on developing DNA medicines for HPV-related diseases and cancer, having filed its shelf registration statement with the SEC in July.