Codexis prices $25M primary offering at $1.50/share; net proceeds $23.1M for working capital

Filed July 24, 2026 · ~1 min read

Key Changes

• high

  Codexis is selling 16,666,667 new shares at $1.50 each, with expected proceeds of $25M gross; after underwriting discounts and expenses, net proceeds are about $23.1M.

  The Offering verify on EDGAR →
• medium

  The company will use net proceeds for working capital and general corporate purposes, including R&D; no specific projects or acquisitions are committed.

  Use of Proceeds verify on EDGAR →
• high

  New investors face immediate dilution of $0.91 per share, as the as-adjusted net tangible book value after the offering is about $0.59 per share.

  Dilution verify on EDGAR →