Calyxt, Inc. $60.7 Million Common Stock Offering


Davis Polk advised the representatives of the several underwriters in connection with the SEC-registered offering of 4,057,500 shares of common stock of Calyxt, Inc., including 457,500 shares of common stock sold pursuant to the full exercise of the underwriters’ option to purchase additional shares.

Citigroup, Goldman Sachs & Co. LLC, Jefferies, Wells Fargo Securities and BMO Capital Markets acted as underwriters on the offering.

The offering resulted in approximately $60.9 million of proceeds to Calyxt, before deducting underwriting discounts and estimated offering expenses. Calyxt’s common stock is listed on the NASDAQ Global Market under the symbol “CLXT.”

Based in New Brighton, Minnesota, Calyxt is a consumer-centric, food and agriculture-focused company. By combining its gene-editing technology and technical expertise with its innovative commercial strategy, Calyxt is pioneering a paradigm shift to deliver healthier specialty food ingredients for consumers and agriculturally advantageous crop traits for farmers.

The Davis Polk team corporate team included partner Richard D. Truesdell Jr. (Picture) and associates Christopher M. Bezeg and Mahfouz Basith. The tax team included partner Michael Mollerus. Counsel David R. Bauer and associate Paul S. Lee provided intellectual property and technology advice.

Involved fees earner: Richard Truesdell Jr. – Davis Polk & Wardwell; Christopher Bezeg – Davis Polk & Wardwell; Mahfouz Basith – Davis Polk & Wardwell; Michael Mollerus – Davis Polk & Wardwell; David Bauer – Davis Polk & Wardwell; Paul Lee – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Citigroup Inc.; Goldman, Sachs & Co.; Jefferies; BMO Capital Markets; Wells Fargo Securities;

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Author: Ambrogio Visconti