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Alexza Pharmaceuticals Inc. Message Board

  • cabogordon cabogordon May 15, 2013 2:05 AM Flag

    warrants

    my only concern now is the warrants with the $5.00 strike price. i read there was 4.4 mm but with some additional due diligence came across some data suggesting thier was more warrants issued on a previous offering bringing the total to 11mm. Thus, it will be very hard to climb past $5.00pps with that supply. remember warrant holders are basically put buyers thus thier short. not sure how this will work itself out. it got me concerned.

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    • How do you get to 11mm? 44mm shares pre-split 1:10 is 4.4mm now...

    • Alexza Pharmaceuticals, Inc. announced that it has priced its previously announced underwritten public offering of 44,000,000 shares of common stock and warrants to purchase 44,000,000 shares of common stock. The common stock and warrants will be issued separately, but will be sold in combination in the offering, with a warrant to purchase one share of common stock for each share of common stock sold. The price to the public for each share and related warrant is USD0.50 , for an aggregate offering amount of approximately USD22 million . The net proceeds to Alexza, after underwriting discounts and commissions and other offering expenses, and assuming the warrants are not exercised, are expected to be approximately USD20.4 million . Alexza plans to use the net proceeds from the sale of securities primarily for general corporate purposes, including regulatory, clinical trial, research and development, general and administrative and manufacturing expenses

 
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