Taysha Gene Therapies slides on $200 mln stock offering launch

Jefferies Financial

Yesterday 21:26

** Shares of Taysha Gene Therapies TSHA.O down 8.5% in extended trading to $6.35 as it looks to raise equity
** TSHA commences $200 mln offering comprising stock and pre-funded warrants
** Jefferies, Goldman Sachs, Piper Sandler and Cantor Fitzgerald joint bookrunners
** Co's lead clinical program TSHA-102 in development for Rett syndrome, a rare neurodevelopmental disorder with no approved disease-modifying therapies
** TSHA shares, which have risen past five sessions, closed up 1.2% at $6.95 on Weds; stock up 51% over the past three months and up 26% YTD
** Dallas, Texas-based TSHA has ~287.4 mln shares outstanding for about $2 bln market cap
** All 13 analysts are bullish on the stock and their median PT is $12, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))