FINWIRES · TerminalLIVE
FINWIRES

Update: IDEAYA Shares Fall After Pricing $300 Million Offering

By

(Updates with the latest stock price movement in the headline and the first paragraph.)

IDEAYA Biosciences (IDYA) shares were down about 8% in Tuesday trading, a day after the company priced an underwritten public offering of securities to raise about $300 million.

Late Monday, the firm said it is selling about 5.6 million shares at $27 each. It is also offering pre-funded warrants to buy around 5.6 million shares.

IDEAYA said it has granted its underwriters a 30-day option to purchase up to about 1.7 million additional shares. The offering is expected to close on Wednesday.

Price: $28.94, Change: $-2.54, Percent Change: -8.07%

Related Articles

Wire

Mission Produce Fiscal Q2 Adjusted Earnings, Revenue Fall; Shares Drop After Hours

Mission Produce (AVO) reported fiscal Q2 non-GAAP net income late Monday of $0.01 per diluted share, down from $0.12 a year earlier.Three analysts polled by FactSet expected $0.05.Revenue in the three months ended April 30 fell to $290.9 million from $380.3 million a year earlier.Three analysts expected $256.3 million.The board approved a stock repurchase program of up to $100 million over the next 36 months.The company's shares fell 5.9% in after-hours trading.

$AVO
Wire

Mama's Creations Fiscal Q1 Earnings, Revenue Rise

Mama's Creations (MAMA) reported fiscal Q1 earnings late Monday of $0.05 per diluted share, up from $0.03 a year earlier.Analysts polled by FactSet expected $0.03.Revenue in the three months ended April 30 rose to $52.8 million from $35.3 million a year earlier.Analysts expected $51.6 million.The company's shares fell 2.6% in after-hours trading.

$MAMA
Wire

Tango Therapeutics Launches $500 Million Stock Offering

Tango Therapeutics (TNGX) said Monday it is launching $500 million underwritten public offering of common stock.All shares are offered by the company, according to a statement.Tango said it will grant underwriters a 30-day option to purchase up to an additional $75 million of shares.

$TNGX