Update
$Sagimet Biosciences(SGMT.US$ Sagimet Biosciences Announces Proposed Public Offering of Series A Common Stock
SAN MATEO, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. ("Sagimet") (Nasdaq: SGMT), a clinical-stage biopharmaceutical company developing novel fatty acid synthase (FASN) inhibitors designed to target dysfunctional metabolic and fibrotic pathways, today announced the commencement of an underwritten public offering of 9,000,000 shares of its Series A common stock. All of the shares in the proposed offering are to be sold by Sagimet. In addition, Sagimet expects to grant the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of its Series A common stock in the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.![]()
SAN MATEO, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. ("Sagimet") (Nasdaq: SGMT), a clinical-stage biopharmaceutical company developing novel fatty acid synthase (FASN) inhibitors designed to target dysfunctional metabolic and fibrotic pathways, today announced the commencement of an underwritten public offering of 9,000,000 shares of its Series A common stock. All of the shares in the proposed offering are to be sold by Sagimet. In addition, Sagimet expects to grant the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of its Series A common stock in the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
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Jaguar8 : Ewww
Bird007 : But this company only has seven employees
Trytosaveabit OP Bird007 : Not sure what that means to the offering though?
Jaguar8 Trytosaveabit OP : I hate offerings but I love closing of offerings![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Trytosaveabit OP Jaguar8 : True! But you see these are class A correct?
Jaguar8 Trytosaveabit OP : Oh I didn’t haha
Trytosaveabit OP Jaguar8 : Yeah so it shouldn’t drop the price much? If at all?
Jaguar8 Trytosaveabit OP : Yes. It adds more value for those shareholders
Trytosaveabit OP Jaguar8 : Right! And depending how structured? They may not be able to be sold? And they also are usually entitled to more than 1 vote per share like common stock
Jaguar8 Trytosaveabit OP : How I wish I’m part of it haha