Akoya Biosciences Shares Fall on Executive Exits, Stock Offering
08 Giugno 2023 - 2:08AM
Dow Jones News
By Sabela Ojea
Shares of Akoya Biosciences on Wednesday dropped 9.2% to $5.05
in after-hours trading after the company said it fired its chief
medical officer and chief people officer as part of a cost-cutting
plan.
The spatial biology company said Chief Medical Officer Ehab
El-Gabry, who took over the role in April 2022, and Marilee Moy,
who was named the group's chief people officer in January of last
year, are both entitled to receive severance payments, according to
a Securities and Exchange Commission filing.
In a separate filing, the company said it is offering shares of
its common stock.
Akoya Biosciences didn't, however, disclose the number of shares
it is offering or the price of each share. But it noted that
entities affiliated with its two largest shareholders, Telegraph
Hill Partners and PSC Capital Partners, as well as some of its
directors and executive officers intend to buy shares.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
June 07, 2023 19:53 ET (23:53 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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