BioAge Labs edges down after stock sale hiked to $115 mln
BioAge Labs BIOA.O shares down 0.3% before the bell at $20.06 after co raises more equity than planned
Emeryville, California-based biopharma late Weds sold ~5.9 mln shares, about 16% of total outstanding, at $19.50 for $115 mln gross proceeds
Offering price represents 3.1% discount to stock's last close
BIOA shares on Weds finished down 5.6% after co late Tues unveiled $75 mln offering
Co intends to use net offering proceeds to fund research, clinical development and manufacturing of its product candidates, including lead candidate BGE-102, a small-molecule NLRP3 inhibitor being developed for cardiovascular risk and retinal diseases, among other purposes
Goldman Sachs, Piper Sandler and Citigroup joint bookrunners
Through Weds, BIOA shares up 52% to begin 2026 and have more than tripled over the past three months
1 analyst rates the stock "strong buy", 3 rate "hold"; PTs are $9, $12 and $15, per LSEG data
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