Calyxt, Inc. completed a follow-on public offering of common stock to raise about $60.9 million in gross proceeds.
Paris-based Cellectis SA, which owned about 79.1% of Calyxt at the beginning of the offering, now owns about 70.6% of the outstanding shares of the consumer-centric food- and agriculture-focused company.
New Brighton, Minn.-based Calyxt offered 4,057,500 common shares, including 457,500 shares as part of the underwriters' option, at $15 apiece.
Citigroup, Goldman Sachs & Co. LLC and Jefferies acted as book-running managers, while Wells Fargo Securities acted as lead manager and BMO Capital Markets Corp. acted as co-manager for the offering.
