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Annexon Announces Pricing of $75 Million Public Offering of Common Stock and Pre-Funded Warrants

ANNX
  • Annexon, Inc. priced a public offering of 25,096,153 common stock shares at $2.60 per share.
  • The company also issued 3,750,000 pre-funded warrants to purchase common stock at $2.599 per share.
  • Gross proceeds from the offering are expected to reach $75 million before deducting underwriting discounts & commissions.
  • The offering is scheduled to close on November 14, 2025, subject to customary closing conditions.
  • Underwriters were granted a 30-day option to purchase up to an additional 4,326,922 shares of common stock.
  • Goldman Sachs & Co. LLC, TD Cowen, & Wells Fargo Securities are acting as joint book-running managers.
  • The shares & warrants are offered pursuant to a shelf registration statement on Form S-3 declared effective by the SEC on April 1, 2024.