Vaxcyte Announces Pricing of Concurrent Public Offerings of Common Stock, Pre-Funded Warrants and Convertible Senior Notes
Vaxcyte priced concurrent public offerings of 7,412,500 common shares, pre-funded warrants for 400,000 shares, and $500 million in 1.50% convertible senior notes due 2032. Underwriters also received 30-day options to cover over-allotments: up to 1,171,875 additional shares and $75 million in additional notes.
Why it matters — The offerings provide details of planned financing through equity, pre-funded warrants and convertible debt, including potential over-allotment amounts.