Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Madrigal Pharmaceuticals Inc (MDGL) has shared an update.
Madrigal Pharmaceuticals has entered into a Sales Agreement with TD Securities, with the potential to sell up to $300 million in common stock through “at the market” offerings. While there is no obligation to sell, TD Cowen will aim to sell the stock based on the company’s directives. This move follows a prior agreement with an affiliate of TD Cowen, which saw Madrigal sell over 1.3 million shares for $225.1 million. Additionally, Madrigal will not profit from the sale of 7 million shares by a stockholder, as detailed in a recent prospectus supplement.
Find detailed analytics on MDGL stock on TipRanks’ Stock Analysis page.