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Abeona Therapeutics plans common stock offering

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Abeona Therapeutics plans common stock offering

Abeona Therapeutics Inc. said it plans to offer and sell an undisclosed number of common shares in an underwritten public offering.

The company intends to grant underwriters a 30-day option to purchase additional common shares representing up to 15% of the shares sold in the offering.

Abeona plans to use net proceeds for working capital and corporate purposes, including development of its product candidates, manufacturing and general and administrative expenses.

Jefferies LLC is acting as sole book-running manager for the offering.