Inovio Pharmaceuticals (NASDAQ:INO) has priced its public offering of 17.7M common shares at $8.50/share, for expected gross proceeds of ~$150.5M.
Underwriters' over-allotment is an additional ~2.7M shares.
Net proceeds will be used for the development of its clinical pipeline, for general corporate purposes, including working capital.
Closing date is January 25.
Shares down 6% after-hours.