Got expiring xsp 395s. LFG!
Quote:
Cassava Sciences Announces $50 Million Registered Direct Offering of Common Stock
1:30 pm ET November 18, 2022 (Globe Newswire) Print
GlobeNewswireNovember 18, 2022
AUSTIN, Texas, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Cassava Sciences, Inc. (Nasdaq: SAVA) (the "Company" or "Cassava Sciences"), a clinical-stage biotechnology company focused on Alzheimer's disease, today announced that it has entered into a definitive agreement with several healthcare-focused and other institutional investors for the purchase of 1,666,667 shares of its common stock, at a purchase price of $30 per share, for gross proceeds of approximately $50 million, in a registered direct offering. The closing of the offering is expected to occur on or about November 22, 2022, subject to the satisfaction of customary closing conditions.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
Cassava Sciences intends to use the net proceeds from this offering for working capital and general corporate purposes, including development of simufilam, the Company's lead drug candidate for the treatment of Alzheimer's disease.
The shares of common stock are being offered by Cassava Sciences pursuant to an automatic "shelf" registration statement on Form S-3, which was filed with the U.S. Securities and Exchange Commission (the "SEC") on February 10, 2021 and became effective immediately upon filing, and the prospectus contained therein. The offering will be made only by means of a prospectus supplement that forms a part of the registration statement.
FJ43 said:
I'd love a push right now to mid 395s.
Hoping for a friend.
FJ43 said:perma Brew doomster said:
SPY lotto calls for me, join at your own risk
AAPL looks even stronger honestly, but I'm already long a bunch
Let's ride. Remember I'm also net free on puts for next Friday.
Confirmation of end of downtrend. Daily just resume down, weekly shows indecision. So could be a bottom on the horizon, but doesn't look like quite yet. Oversold indicators are starting to pop but still a mixed bag.Triple_Bagger said:
When are we buying VIX calls? Looking ripe
Triple_Bagger said:
When are we buying VIX calls? Looking ripe
FJ43 said:
I'd love a push right now to mid 395s.
Hoping for a friend.
perma Brew doomster said:
Nice!
I'm leaving 1 runner
BOOM!!$30,000 Millionaire said:
In at 5. Let's try for 7
$30,000 Millionaire said:BOOM!!$30,000 Millionaire said:
In at 5. Let's try for 7
$30,000 Millionaire said:
Just got everyone a steak dinner. I would exit, losing momo
$30,000 Millionaire said:
Just got everyone a steak dinner. I would exit, losing momo