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Announcement (October 6, 2009):
Sangamo BioSciences is planning to raise $24.28 million through a secondary offering of 3 million shares at a price of $8 per share.
Sangamo has granted the underwriters a 30-day option to purchase up to an additional 0.45 million common shares to cover over-allotments, if any.
The offering is expected to close on or about October 13, 2009.
Jefferies & Company, Inc. is acting as sole book-running manager for the offering.
Deal Value (US$ Million) 21.6 Deal Type IPO Sub-Category Secondary Offering Deal Status Completed: 2009-10-13
Deal Participants
Target (Company) Sangamo BioSciences, Inc.
Deal Rationale
Sangamo BioSciences intends to use the net proceeds from the offering for working capital and other general corporate purposes, including support for its continuing research and development of its ZFP Therapeutic product candidates and research programs. In addition, it would use the proceeds to invest in short term, investment grade interest bearing securities.
Offer Price ($ per share) 7.2 No. Shares Issued 3000000
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