Caribou Biosciences offers more stock, and shares fall

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Caribou Biosciences offers more stock, and shares fall
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Shares of Caribou Biosciences Inc. tumbled 9.7% after hours on Thursday after the biopharma company said it had begun a $100 million share offering. The...

Shares of Caribou Biosciences Inc. CRBU tumbled 9.7% after hours on Thursday after the biopharma company said it had begun a $100 million share offering. The company, which focuses on genome editing, said it would grant the underwriters a 30-day option to buy up to an extra $15 million in shares at the public offering price. BofA Securities, Leerink Partners, Evercore ISI, and RBC Capital Markets are acting as the offering’s book-running managers.

... Shares of Caribou Biosciences Inc. CRBU tumbled 9.7% after hours on Thursday after the biopharma company said it had begun a $100 million share offering. The company, which focuses on genome editing, said it would grant the underwriters a 30-day option to buy up to an extra $15 million in shares at the public offering price. BofA Securities, Leerink Partners, Evercore ISI, and RBC Capital Markets are acting as the offering’s book-running managers.

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