Passage Bio (PASG) Announces Launch of 7M Share Proposed Public Offering

Passage Bio, Inc. (Nasdaq: PASG), a genetic medicines company focused on developing transformative therapies for rare monogenic central nervous system disorders, today announced that it has commenced an underwritten public offering of 7,000,000 shares of its common stock. All shares of common stock to be sold in the offering will be sold by Passage Bio. In addition, Passage Bio intends to grant the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of common stock at the public offering price, less underwriting discounts and commission. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Cowen and Company, LLC are acting as the joint bookrunning managers for the proposed offering. Wedbush Securities Inc. and Chardan are acting as co-managers for the offering.

You May Also Be Interested In

• Zentalis closes $92.6M public offering of common stock
• TD Cowen Downgrades Inter Parfums (IPAR) to Hold
• Goldman Sachs updates view on protein markets ahead of earnings