Sesen Bio Inc (SESN)

[ElevenWall]

It would be nice if management would light the shadows a bit on the offering closing date. Interesting point on the offering, but is there a provision which would allow them to reprice? From what I see, the underwriters owe the company $1.3818 per share x 20,410,000 shares on the closing date - whichever date that may be - and then this thing is done, save for warrant exercises on another 20,410,000 shares.

Still seems like too much of a sweetheart deal for someone. Why not just do an ATM and let the SP find a more natural home?