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Geron raises $100 million for pipeline development

This article was originally published in Scrip

Executive Summary

The gross proceeds from Geron's public offering this week have reached $100 million following the underwriters' decision to exercise in full their option to purchase an additional 2.6 million shares of common stock at the public offering price of $5.00 per share. Geron said earlier this week that it would offer just under 17.4 million shares, excluding the over-allotment option. The company's share price closed 18% down at $5.00 on 7 December following news of the stock dilution.

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