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Sunesis Pharmaceuticals to price an offering of series F convertible preferred stock
By Abigail W. Adams
Portland, Me., July 10 – Sunesis Pharmaceuticals, Inc. plans to price an offering of series F convertible preferred stock, according to a 424B5 filing.
Wells Fargo Securities LLC and Oppenheimer & Co. Inc. are bookrunners for the registered offering, which carries a greenshoe of 15% of the principal amount.
The preferred stock is convertible into 1,000 shares of common stock and will carry no dividend.
The convertible preferred stock is pricing concurrent to a common stock offering.
The size of the offerings and whether they will be completed is uncertain, the company said in a press release.
Proceeds from the concurrent offerings will be used to fund the development of vecabrutinib, for research and development, and for general corporate purposes.
Sunesis is a San Francisco, Calif.-based biopharmaceutical company.
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