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Thursday, June 11, 2026
Eloxx Pharmaceuticals (ELOX) raises ~$66M via stock and pre‑funded warrants
Eloxx Pharmaceuticals is offering 2,975,000 shares of common stock and pre-funded warrants to purchase up to 3,025,000 shares. The public offering price is $11.00 per share and $10.99 per pre-funded warrant, producing total gross proceeds of $65,969,750 before underwriting discounts. The underwriters expect to deliver the securities on or about June 10, 2026. The prospectus states the offering proceeds to Eloxx, before expenses, are $61,349,750. The offering assumes 461,314 shares outstanding as of May 31, 2026 and concurrent exercises of up to 600,000 shares from existing pre-funded warrants. Pro forma cash and cash equivalents after the offering are presented as $65,713,000.
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