04:22 PM EDT, 06/13/2024 (MT Newswires) -- Rezolute ( RZLT ) said late Thursday it's starting an underwritten public offering of shares, or pre-funded warrants to buy shares.

Underwriters will be given an option for a 30-day period to buy up to an additional 15% shares, plus the shares underlying the warrants, the company said.

The offering is subject to market conditions and there's no assurance as to its completion, size or terms.

The company's shares were falling nearly 18% in recent after-hours activity.

Price: 4.25, Change: -0.91, Percent Change: -17.64