Graybug Vision

Graybug
Graybug
Company Information
Company Description

Graybug is a clinical-stage biopharmaceutical company focused on developing transformative medicines for the treatment of chronic diseases of the retina and optic nerve. Their proprietary technology is designed to release drugs in ocular tissue at a controlled rate for up to 12 months.

Industries
Biotechnology, Health Care, Medical

Please note, it is important to assess the company’s business activities against Section 1202(e)(3) which specifies certain industries that are not considered a “qualified trade or business.”

Entity Type
C Corporation

A C corporation is a qualified legal entity for QSBS.

Incorporation Date

2011

Incorporation State
Maryland
Qualified Small Business Stock (QSBS) Details

Exemption Level

Given the Company was incorporated after September 27, 2010, all shares could be eligible for up to a 100% tax exclusion if the other QSBS criteria are met.

Any individual owning stock purchased or received directly from the company could potentially be eligible for the QSBS capital gains tax exclusion or the Section 1045 gain rollover if the QSBS standards as per IRC Section 1202 were met at the time of issuance.

In order to assess whether stock issued previously may qualify, the Company would also have to have not taken actions that invalidate QSBS status such as a certain level of redemptions, and would have to satisfy the active business requirement.

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IPO Details
IPO Date
Symbol
GRAY
IPO Raised
$89,600,000.00
IPO Price
$16.00
IPO Date Adjusted Closing Price
$16.50

This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.