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Knight grosses $Cdn180mm in special warrant sale, the second this month

Executive Summary

Infectious disease-focused Knight Therapeutics Inc. grossed $Cdn180mm ($161mm) through a private placement of 34.3mm special warrants at $Cdn5.25. At no cost, each special warrant can be exercised for one Knight common share either on a date no later than the fifth business day after the final prospectus is issued, or four months and one day after the offering closes, whichever is earlier. An affiliate owned by Knight’s CEO agreed to purchase 7.62mm special warrants, worth about $Cdn40mm. Earlier this month, Knight grossed $Cdn75mm in a separate special warrant financing.
Deal Industry
  • Pharmaceuticals
    • Specialty Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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