Solid Biosciences (SLDB) to Offer $85M in Common Stock

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Go back to Solid Biosciences (SLDB) to Offer $85M in Common Stock

Solid Biosciences Announces Proposed Public Offering of Common Stock

March 17, 2021 4:20 PM EDT

CAMBRIDGE, Mass., March 17, 2021 (GLOBE NEWSWIRE) -- Solid Biosciences Inc., (Nasdaq: SLDB) a life sciences company focused on advancing meaningful therapies for Duchenne muscular dystrophy (Duchenne), today announced that it has commenced an underwritten public offering of $85 million of shares of its common stock. All of the shares are being offered by Solid. In addition, Solid expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the public offering on the same terms and conditions.

The offering... More