{"id":29282,"date":"2023-06-29T16:41:19","date_gmt":"2023-06-29T20:41:19","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/black-diamond-therapeutics-shares-slide-after-proposed-public-offering\/"},"modified":"2023-06-29T16:41:20","modified_gmt":"2023-06-29T20:41:20","slug":"black-diamond-therapeutics-shares-slide-after-proposed-public-offering","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=29282","title":{"rendered":"Black Diamond Therapeutics Shares Slide After Proposed Public Offering"},"content":{"rendered":"
\n

By Mary de Wet<\/p>\n

<\/pre>\n
Black Diamond Therapeutics’ stock fell 10% in after-hours trading Wednesday after the precision oncology company said it has begun a public offering of $75 million of its common shares.<\/p>\n
Shares recently traded at $5.13 after closing at $5.73, a day after finishing at a nearly 19-month high.<\/p>\n
\n
The company said Tuesday that it saw positive initial clinical data from the dose-escalation portion of the Phase 1 study of its lead drug candidate, BDTX-1535, which boosted shares.<\/p>\n
The stock pulled back during the regular session Wednesday and extended those losses after hours.<\/p>\n
At Wednesday’s closing price, Black Diamond Therapeutics would be selling about 13 million shares. The company also intends to grant the underwriters a 30-day option to purchase up to an additional $11.25 million of its common shares.<\/p>\n
The company has about 36.6 million shares outstanding on a fully diluted basis, according to FactSet.<\/p>\n
Black Diamond Therapeutics didn’t say what it would do with the offering’s proceeds. In May, the company said it had a cash runway into the third quarter of 2024.<\/p>\n
<\/pre>\n
Write to Mary de Wet at mary.dewet@dowjones.com<\/p>\n
<\/pre>\n<\/p><\/div>\n<\/div>\n
Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
By Mary de Wet Black Diamond Therapeutics’ stock fell 10% in after-hours trading Wednesday after the precision oncology company said it has begun a public offering of $75 million of its common shares. Shares recently traded at $5.13 after closing at $5.73, a day after finishing at a nearly 19-month high. The company said Tuesday […]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-29282","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nBlack Diamond Therapeutics Shares Slide After Proposed Public Offering | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Mary de Wet Black Diamond Therapeutics' stock fell 10% in after-hours trading Wednesday after the precision oncology company said it has begun a public\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=29282\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black Diamond Therapeutics Shares Slide After Proposed Public Offering | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"By Mary de Wet Black Diamond Therapeutics' stock fell 10% in after-hours trading Wednesday after the precision oncology company said it has begun a public\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=29282\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-29T20:41:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-29T20:41:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=29282#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=29282\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Black Diamond Therapeutics Shares Slide After Proposed Public Offering\",\"datePublished\":\"2023-06-29T20:41:19+00:00\",\"dateModified\":\"2023-06-29T20:41:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=29282\"},\"wordCount\":195,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=29282#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=29282\",\"url\":\"https:\/\/ifintechworld.com\/?p=29282\",\"name\":\"Black Diamond Therapeutics Shares Slide After Proposed Public Offering | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-29T20:41:19+00:00\",\"dateModified\":\"2023-06-29T20:41:20+00:00\",\"description\":\"By Mary de Wet Black Diamond Therapeutics' stock fell 10% in after-hours trading Wednesday after the precision oncology company said it has begun a public\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=29282#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=29282\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=29282#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Black Diamond Therapeutics Shares Slide After Proposed Public Offering\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Black Diamond Therapeutics Shares Slide After Proposed Public Offering | iFintechWorld","description":"By Mary de Wet Black Diamond Therapeutics' stock fell 10% in after-hours trading Wednesday after the precision oncology company said it has begun a public","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=29282","og_locale":"en_US","og_type":"article","og_title":"Black Diamond Therapeutics Shares Slide After Proposed Public Offering | iFintechWorld","og_description":"By Mary de Wet Black Diamond Therapeutics' stock fell 10% in after-hours trading Wednesday after the precision oncology company said it has begun a public","og_url":"https:\/\/ifintechworld.com\/?p=29282","og_site_name":"iFintechWorld","article_published_time":"2023-06-29T20:41:19+00:00","article_modified_time":"2023-06-29T20:41:20+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png","type":"image\/png"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=29282#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=29282"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Black Diamond Therapeutics Shares Slide After Proposed Public Offering","datePublished":"2023-06-29T20:41:19+00:00","dateModified":"2023-06-29T20:41:20+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=29282"},"wordCount":195,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=29282#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=29282","url":"https:\/\/ifintechworld.com\/?p=29282","name":"Black Diamond Therapeutics Shares Slide After Proposed Public Offering | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-29T20:41:19+00:00","dateModified":"2023-06-29T20:41:20+00:00","description":"By Mary de Wet Black Diamond Therapeutics' stock fell 10% in after-hours trading Wednesday after the precision oncology company said it has begun a public","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=29282#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=29282"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=29282#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Black Diamond Therapeutics Shares Slide After Proposed Public Offering"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/29282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29282"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/29282\/revisions"}],"predecessor-version":[{"id":29283,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/29282\/revisions\/29283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/1898"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}