Senseonics slides after launching $80 mln stock offering

Toronto-Dominion Bank

30/04/2026 21:24

** Medical equipment co Senseonics SENS.O shares down 12.3% post-market to $5.80 after potential equity raise news

** Maker of implantable continuous glucose monitoring (CGM) systems commences $80 mln offering of shares/pre-funded warrants

** Co intends to use net offering proceeds for ongoing launch of its Eversense 365 system, continued development of its pipeline, among other purposes

** TD Cowen and Barclays joint bookrunners, joined by Mizuho and Lake Street

** Germantown, Maryland-based firm has 41.8 mln shares outstanding for about $275 mln market cap

** Stock closed up 2.9% at $6.61 on Thurs, extending YTD gain to 20%

** Of 8 analysts covering the stock, 5 rate "buy", 2 "hold" and 1 "sell"; median PT $19.25, according to LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))