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AMTI Stock Price Increased 44%: Here’s What Happened

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The stock price of AMTI ( NSDQ:AMTI ) increased by 44% on April 1, 2021. The price had been on a constant hike for the whole day. The price rose from  $44.01 to $63.57, showing an incredible surge of $19.56. 

Applied Molecular Transports ( NSDQ:AMTI ) announced the pricing of an underwritten public offering of 2,500,000 shares worth $42.00 per share as common stock at a public offering. AMT (Nsdq: AMTI)  has also granted the underwriters a 30-day option to purchase up to an additional 375,000 shares of the same kind at the public offering price, all discounts and commissions ceteris paribus.

 On March 31, 2021, these securities-related registration statements became effective. Copies of the offering may be obtained from BofA Securities, and is made only by utilizing a prospectus,  NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Prospectus Department, or by email @ [email protected]; Jefferies LLC, Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at (877) 821-7388, or by email at [email protected]; or SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, or by telephone at (800) 808-7525, ext. 6105, or by email at [email protected] 

Before deducting commissions, underwriting discounts, and other expenses payable by AMT, their gross proceeds are expected to be $105.0 million, ‘excluding any exercise of the underwriters’ option to purchase additional shares. April 6, 2021, is the expected date of the offering’s closure. 

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Top 5 Stock Price Gainers of May 17: US Stock Market

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