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Kodiak Files Shelf For Up to 14 Million Common Shares on Behalf of Selling Stockholders

05/11/2021 02:07

06:00 AM EDT, 05/11/2021 (MT Newswires) -- Kodiak Sciences (KOD) on Monday filed a shelf registration statement on behalf of certain selling shareholders for the sale of up to about 14 million shares of the company's common stock.

The company said it will not receive any proceeds from the offering, according to the filing.

Shares of the company were down more than 8% ahead of Tuesday's market open.

Price: 88.41, Change: -13.21, Percent Change: -13.00