Eloxx Pharmaceuticals Prices $66 Million Public Offering Ahead of Nasdaq Uplisting
Eloxx Pharmaceuticals, Inc. Announces Pricing of $66.0 Million Public Offering and Uplisting to Nasdaq
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Eloxx Pharmaceuticals, Inc. has priced a public offering of 2,975,000 shares at $11.00 each, alongside pre-funded warrants. The offering aims to raise $66 million, with shares expected to trade on Nasdaq starting June 9, 2026.
- 01Eloxx Pharmaceuticals is offering 2,975,000 shares at $11.00 each and 3,025,000 pre-funded warrants at $10.99 each.
- 02The total gross proceeds from the offering are expected to be $66 million before expenses.
- 03The shares will begin trading on the Nasdaq Capital Market under the symbol 'ELOX' on June 9, 2026.
- 04The offering is managed by Leerink Partners and Guggenheim Securities, with LifeSci Capital as a passive bookrunner.
- 05The registration statement for the offering was filed with the SEC and became effective on June 8, 2026.
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Eloxx Pharmaceuticals, Inc., based in Arlington, Massachusetts, has announced the pricing of its public offering aimed at raising $66 million. The offering includes 2,975,000 shares of common stock priced at $11.00 each and 3,025,000 pre-funded warrants at $10.99 each. The company anticipates that the shares will start trading on the Nasdaq Capital Market under the ticker symbol ELOX on June 9, 2026, with the offering expected to close on June 10, 2026, pending customary conditions. Leerink Partners and Guggenheim Securities are acting as joint bookrunning managers, while LifeSci Capital serves as a passive bookrunner. A registration statement related to this offering was filed with the Securities and Exchange Commission (SEC) and became effective on June 8, 2026. This public offering represents a significant step for Eloxx as it prepares for its uplisting to Nasdaq, reflecting its commitment to advancing its clinical-stage biopharmaceutical developments.
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The successful completion of this offering will provide Eloxx with significant capital to advance its clinical programs.
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