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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Oct. 24, 10:09 AM

Slide #22. LogicBio Therapeutics, Inc. Secondary Offering

Company: LogicBio Therapeutics, Inc. (NASDAQ:LOGC)
Date announced: 9/30/2020
Shares Offered: 7,000,000
Date of Pricing: 10/1/2020
Price Per Share: $6.00
Secondary Offering Details: LogicBio Therapeutics, Inc. (Nasdaq:LOGC) (LogicBio), a company dedicated to extending the reach of genetic medicine with pioneering targeted delivery platforms, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. As part of the offering, LogicBio intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering on the same terms and conditions. All shares being offered are to be sold by LogicBio. -updated 9/1- LogicBio Therapeutics, Inc. (Nasdaq:LOGC) (LogicBio), a company dedicated to extending the reach of genetic medicine with pioneering targeted delivery platforms, today announced the pricing of its previously announced underwritten public offering of 7,000,000 shares of common stock at a price to the public of $6.00 per share. Gross proceeds to LogicBio from the offering are expected to be $42.0 million, before deducting underwriting discounts and commissions and offering expenses payable by LogicBio. In addition, LogicBio has granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of common stock, at the public offering price less underwriting discounts and commissions. All shares are being sold by LogicBio. The offering is expected to close on October 5, 2020, subject to the satisfaction of customary closing conditions.

LogicBio Therapeutics is a genome editing company focused on developing medicines to treat rare diseases in patients with unmet medical need using GeneRide, its proprietary technology platform. Co.'s GeneRide technology is designed to integrate corrective genes into a patient's genome to provide a stable therapeutic effect. Co. is initially targeting rare liver disorders in pediatric patients where it is critical to provide treatment early in a patient's life before irreversible disease pathology can occur. Co.'s main product candidate, LB-001, is for the treatment of Methylmalonic Acidemia, a life-threatening disease that presents at birth.
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Company Name:  LogicBio Therapeutics Inc
Website:  www.logicbio.com
Sector:  Biotechnology
Number of ETFs Holding LOGC:  12
Total Market Value Held by ETFs:  $3.98M
Total Market Capitalization:  $125.00M
% of Market Cap. Held by ETFs:  3.19%
 

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October 24, 2020    10:09 AM Eastern
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Strong Buy (4.00 out of 4)
89th percentile
(ranked higher than approx. 89% of all stocks covered)

Analysts' Target Price:
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