Outlook Therapeutics Sells 8.54M Shares at $0.5855 Each
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Outlook Therapeutics announced that it has entered into a definitive agreement providing for the purchase and sale of an aggregate of 8.54M shares of its common stock at a purchase price of 58.55c per share in a registered direct offering priced at-the-market under Nasdaq rules to GMS Ventures and Investments, the company's largest stockholder. The closing of the offering is expected to occur on or about May 29, subject to the satisfaction of customary closing conditions. The aggregate gross proceeds to the company from the offering are expected to be $5M, before deducting offering expenses payable by the company. The company intends to use the net proceeds from this offering, together with existing cash and cash equivalents, for working capital and general corporate purposes. The company also has agreed to amend certain outstanding common stock warrants to purchase up to an aggregate of 15,488,570 shares of common stock previously issued to GMS Ventures and Investments in January 2025 and May 2025, with a weighted average exercise price of $1.78 per share, effective upon the closing of the offering, such that the amended warrants will have a reduced exercise price of 58.55c per share.
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Analyst Views on OTLK
Wall Street analysts forecast OTLK stock price to rise
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 0.740
Low
0.50
Averages
3.83
High
10.00
Current: 0.740
Low
0.50
Averages
3.83
High
10.00
About OTLK
Outlook Therapeutics, Inc. is a biopharmaceutical company. The Company is focused on developing and commercializing ONS-5010/LYTENAVA (bevacizumab-gamma), an ophthalmic formulation of bevacizumab for use in retinal indications. It is advancing ONS-5010 / LYTENAVA (bevacizumab-vikg), an investigational ophthalmic formulation of bevacizumab for the treatment of wet age-related macular degeneration (wet AMD), diabetic macular edema (DME), and branch retinal vein occlusion (BRVO). Bevacizumab-vikg is a recombinant humanized monoclonal antibody (mAb) that selectively binds with high affinity to all isoforms of human vascular endothelial growth factor (VEGF) and neutralizes VEGF’s biologic activity through a steric blocking of the binding of VEGF to its receptors Flt-1 (VEGFR-1) and KDR (VEGFR-2) on the surface of endothelial cells. ONS-5010/LYTENAVA, consisted of three clinical trials which it refers to as NORSE ONE, NORSE TWO and NORSE THREE.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stock Surge: Following the FDA approval announcement, Outlook Therapeutics' share price soared 140% on Thursday, on track for its best week since listing, reflecting strong investor optimism regarding the drug's potential.
- Future Plans: Outlook Therapeutics plans to resubmit its Biologics License Application (BLA) in June 2026, expecting a Class 1 review with a regulatory decision possible within 60 days post-resubmission, indicating confidence in future market opportunities.
- Insider Buying: Director Randy H. Thurman purchased 5,000 shares at $0.429 each on Wednesday, along with three other directors, demonstrating strong insider confidence in the company's prospects.
See More
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- Subscription Agreement: This offering is conducted under Nasdaq rules and is expected to close on May 29, 2026, marking a proactive step in capital markets that enhances the company's financial flexibility.
- Warrant Adjustment: The company agreed to amend previously issued warrants to GMS Ventures, reducing the exercise price from $1.78 to $0.5855, which is expected to further incentivize investor participation and boost market confidence.
- Market Outlook: If approved in the U.S., ONS-5010/LYTENAVA™ would be the first ophthalmic formulation of bevacizumab for retinal diseases, presenting significant market potential and strengthening the company's competitive position in the biopharmaceutical sector.
See More
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- Existing Registration Statement: The securities are sold under an existing shelf registration statement on Form S-3, originally filed in March 2024 and effective in April 2024, indicating the company's compliance and transparency in capital markets, which enhances investor confidence.
- Warrant Amendment: As part of the transaction, Outlook Therapeutics agreed to amend previously issued warrants held by GMS Ventures, reducing the exercise price to $0.5855 per share, aimed at improving shareholder returns and facilitating future financing.
- Stock Performance Review: Over the past year, Outlook Therapeutics' stock has traded between $0.16 and $3.39, closing at $0.74, up 26.39% from the previous trading day, reflecting positive market expectations for the company's future developments.
See More
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See More
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