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Codexis Prices 16.7 Million Shares at $1.50 in Public Stock Offering
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Codexis Prices 16.7 Million Shares at $1.50 in Public Stock Offering
Jul 24, 2026 1:10 AM

03:54 AM EDT, 07/24/2026 (MT Newswires) -- Codexis ( CDXS ) said Thursday it priced an underwritten public sale of roughly 16.7 million common shares at $1.50 per share.

Underwriters have a 30-day option to buy an extra 2.5 million shares at the same price, and the company expects the offer to close Monday, the company said.

Codexis ( CDXS ) anticipates collecting roughly $23.1 million in net proceeds after investment bank discounts and estimated transaction costs, and plans to use it for research and development and general corporate purposes, Codexis ( CDXS ) said.

Shares of the company were down more than 20% in Friday premarket activity.

Price: 1.58, Change: -0.41, Percent Change: -20.60

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