other material
confidence high
sentiment neutral
materiality 0.75
Compass Therapeutics prices $125M public offering of 35.7M shares at $3.50; uplists to Nasdaq
Compass Therapeutics, Inc.
- Underwritten public offering of 35,715,000 shares at $3.50/share; underwriters have 30-day option for additional 5,357,250 shares.
- Gross proceeds ~$125M; net proceeds after discounts and expenses ~$117.3M.
- Common stock to trade on Nasdaq Capital Market under ticker CMPX starting November 2, 2021.
- SVB Leerink is book-running manager; Raymond James, Wedbush, H.C. Wainwright as passive book-runners.
- Net proceeds to fund ongoing operations including clinical trials.