Codexis closes sale of 16,666,667 shares at $1.50, net proceeds about $23.1 million
Codexis sold 16,666,667 shares of common stock at $1.50 per share in an offering that closed on July 27, 2026, with net proceeds of about $23.1 million after underwriting discounts and estimated expenses. The sale adds cash to the company but also issues new shares to investors, which spreads existing shareholders' ownership across a larger share count.
Key points
- Offering: 16,666,667 shares at $1.50 per share, priced under an underwriting agreement dated July 23, 2026, with Piper Sandler & Co. and Cantor Fitzgerald & Co. as representatives
- Closed July 27, 2026, with net proceeds of approximately $23.1 million
- Underwriters have a 30-day option to buy up to 2,500,000 additional shares
- Company and directors and executive officers agreed to a 90-day lock-up from July 23, 2026, barring sales without Representatives' consent
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.