Corporate ActionApr 30, 2026, 09:51 PM
SENS Prices $80M Public Offering of Stock & Warrants
AI Summary
Senseonics Holdings, Inc. announced the pricing of an underwritten public offering, including 8,000,000 shares of common stock at $5.00 per share and 8,000,000 pre-funded warrants at $4.999 per warrant share. The offering is expected to generate gross proceeds of $80 million. The company also granted underwriters an option to purchase up to an additional 2,400,000 shares. The net proceeds are intended to fund the ongoing launch of Eversense 365, continued development of pipeline products, and for working capital and general corporate purposes.
Key Highlights
- Senseonics priced an underwritten public offering of 8,000,000 shares of common stock.
- Also priced 8,000,000 pre-funded warrants to purchase common stock.
- Common stock priced at $5.00 per share; pre-funded warrants at $4.999 per share.
- Expected gross proceeds to Senseonics are $80 million.
- Underwriters have a 30-day option to purchase up to an additional 2,400,000 shares.
- Offering is expected to close on May 4, 2026, subject to customary conditions.
- Net proceeds will fund Eversense 365 launch, pipeline development, and general corporate purposes.
- TD Cowen and Barclays are joint book-running managers; Mizuho and Lake Street are bookrunners.