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Astria Therapeutics Prices Offering Of 9.08 Mln Shares At $11.01/Shr
(RTTNews) - Biopharmaceutical company Astria Therapeutics, Inc. (ATXS) announced Thursday the pricing of an underwritten offering of 9.08 million shares of its common stock at a price of $11.01 per share.
The gross proceeds of the offering are expected to be approximately $100 million, before deducting underwriting discounts and commissions and other estimated offering expenses.
In addition, the underwriters have a 30-day option to purchase up to an additional 1.36 million shares of common stock at the public offering price less underwriting discounts and commissions.
All of the securities are being offered by Astria. The offering is expected to close on or about December 19, 2022, subject to satisfaction of customary closing conditions.
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Commodity Currencies Slide, Yen Rises Amid Cautious Trade
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, as traders remain cautious amid continued uncertainty surrounding U.S. President Donald Trump's trade policies, despite reaching trade deals between the U.S. and China as well as the U.S. and the U.K.
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Canadian Dollar Drops Against Majors
The Canadian dollar weakened against most major currencies in the Asian session on Thursday.
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NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Thursday.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Thursday.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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European Markets Seen Opening Weak On Thursday
Stock markets in Europe are expected to open on a weak note on Thursday amidst fading enthusiasm regarding the de-escalation in global trade tensions. Absence of fresh catalysts on the trade front, a cooling tech rally as well as anxiety ahead of a speech by Fed Chair Jerome Powell are also expected to keep market sentiment muted.
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Sensex, Nifty Recover After Early Setback, Up Modestly Amid High Volatility
After a weak start and a subsequent drop to lower levels, Indian stocks recovered well Thursday morning, lifting the benchmark indices Sensex and the Nifty50 well above the flat line.
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European Economic News Preview: UK GDP & Foreign Trade Data Due
First quarterly GDP estimates and foreign trade from the UK and flash GDP and employment from the euro area are the major reports due on Thursday. At 2.00 am ET, the Office for National Statistics publishes UK GDP, industrial output and foreign trade figures. The economy is expected to remain flat on month in March after expanding 0.5 percent in February.
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