This is a very impressive raise. The discount is modest and it was done at near the all time high, not the all time low like so many raises. The scale of the raise really is a sign that institutional interest in biotech is back after a few very lean years, which is great to see.
More importantly this raise has set CU6 to go all the way. I predict this will be the last raise CU6 ever does. I will be taking up my 1:33 and buying everything I can on market if it gets near to the raise price.
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Ann: Clarity launches $121 million equity raise, page-29
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