Harmony Biosciences Holdings, Inc. Announces Commencement of Proposed Public Offering of Common Stock by Selling Shareholders
Harmony Biosciences Holdings (Nasdaq: HRMY) announced that selling shareholders Marshman Fund Trust II and Valor IV Pharma Holdings, are initiating a public offering of up to 8,000,000 shares of common stock. The selling shareholders will grant underwriters a 30-day option to purchase an additional 1,200,000 shares. J.P. Morgan is acting as the sole book-running manager. Harmony Biosciences will not receive any proceeds from this offering as it is not offering any shares directly.
Harmony Biosciences Holdings (Nasdaq: HRMY) ha annunciato che i soci venditori Marshman Fund Trust II e Valor IV Pharma Holdings stanno avviando un'offerta pubblica fino a 8.000.000 azioni di azioni comuni. I soci venditori garantiranno agli underwriter un'opzione di acquisto di altre 1.200.000 azioni per un periodo di 30 giorni. J.P. Morgan funge da unico gestore principale dell'offerta. Harmony Biosciences non riceverà alcun provento da questa offerta in quanto non sta offrendo azioni direttamente.
Harmony Biosciences Holdings (Nasdaq: HRMY) anunció que los accionistas vendedores Marshman Fund Trust II y Valor IV Pharma Holdings están iniciando una oferta pública de hasta 8.000.000 de acciones ordinarias. Los accionistas vendedores otorgarán a los suscriptores una opción de compra de 1.200.000 acciones adicionales por un periodo de 30 días. J.P. Morgan actúa como el único gerente de la oferta. Harmony Biosciences no recibirá ningún ingreso de esta oferta ya que no está ofreciendo acciones directamente.
하모니 바이오사이언스 홀딩스(Nasdaq: HRMY)는 판매 주주인 Marshman Fund Trust II 및 Valor IV Pharma Holdings가 최대 8,000,000주의 보통주를 공개적으로 제안한다고 발표했습니다. 판매 주주는 언더라이터에게 추가로 1,200,000주를 구매할 수 있는 30일 옵션을 부여합니다. J.P. 모건은 단독 북 관리자로 활동하고 있습니다. 하모니 바이오사이언스는 이 공모에서 수익을 받지 않습니다, 왜냐하면 직접적으로 주식을 제공하고 있지 않기 때문입니다.
Harmony Biosciences Holdings (Nasdaq: HRMY) a annoncé que les actionnaires vendeurs Marshman Fund Trust II et Valor IV Pharma Holdings lancent une offre publique de jusqu'à 8 000 000 actions ordinaire. Les actionnaires vendeurs accorderont aux souscripteurs une option d'achat de 1 200 000 actions supplémentaires pendant 30 jours. J.P. Morgan agit en tant que principal gestionnaire de livre. Harmony Biosciences ne recevra aucun produit de cette offre puisqu'elle n'offre pas d'actions directement.
Harmony Biosciences Holdings (Nasdaq: HRMY) gab bekannt, dass die verkaufenden Aktionäre Marshman Fund Trust II und Valor IV Pharma Holdings eine öffentliche Angebote von bis zu 8.000.000 Aktien an Stammaktien initiieren. Die verkaufenden Aktionäre gewähren den Underwritern eine 30-tägige Option zum Kauf von weiteren 1.200.000 Aktien. J.P. Morgan fungiert als einziges buchführendes Management. Harmony Biosciences wird aus diesem Angebot keine Erlöse erhalten, da sie keine Aktien direkt anbietet.
- None.
- Significant shareholder selling pressure with up to 8 million shares being offered
- Additional dilution risk from 1.2 million share overallotment option
- Large insider selling could signal lack of confidence in future growth
Insights
This secondary offering of 8 million shares with an additional 1.2 million share option by existing shareholders represents a significant market event. With Harmony's current market cap of
The fact that the company isn't issuing new shares means no dilution for existing shareholders, but large insider sales often signal reduced confidence in future growth prospects. JPMorgan's involvement as sole book-runner suggests an orderly distribution process, though the final pricing will be important in determining market impact. The timing and size of this sale warrant careful attention from current shareholders.
J.P. Morgan is acting as the sole book-running manager for the offering.
The shares of Common Stock are being offered and will be sold pursuant to an effective shelf registration statement that was previously filed with the SEC and became effective automatically upon filing. The offering of these securities is being made only by means of a prospectus supplement and accompanying base prospectus, as filed with the Securities and Exchange Commission (the "SEC"). When available, copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the SEC's website at www.sec.gov under the Company's name or from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About the Company
The Company is a pharmaceutical company dedicated to developing and commercializing innovative therapies for patients with rare neurological diseases who have unmet medical needs. Driven by novel science, visionary thinking, and a commitment to those who feel overlooked, the Company is nurturing a future full of therapeutic possibilities that may enable patients with rare neurological diseases to truly thrive. Established by Paragon Biosciences, LLC, in 2017 and headquartered in
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of
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SOURCE Harmony Biosciences
FAQ
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