Corporate ActionJul 23, 2026, 11:49 PM
Codexis Prices Public Offering of 16.67M Shares at $1.50
AI Summary
Codexis, Inc. announced the pricing of an underwritten public offering of 16,666,667 shares of its common stock at $1.50 per share. The company expects to receive approximately $23.1 million in net proceeds from the offering, which is anticipated to close around July 27, 2026. The funds will be used for working capital, research, development, and other general corporate purposes.
Key Highlights
- Priced underwritten public offering of 16,666,667 shares of common stock.
- Public offering price set at $1.50 per share.
- Expected net proceeds of approximately $23.1 million after discounts and expenses.
- Offering expected to close on or about July 27, 2026.
- Underwriters granted 30-day option to purchase up to an additional 2,500,000 shares.
- Proceeds to fund working capital, research, development, and general corporate purposes.
Price Impact
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