other material
confidence high
sentiment neutral
materiality 0.75
Relay Therapeutics prices $300M public offering of 11.32M shares at $26.50 per share
Relay Therapeutics, Inc.
- Priced public offering of 11,320,755 shares at $26.50/share; gross proceeds ~$300M.
- Net proceeds expected ~$284.5M after underwriting discounts and expenses.
- Underwriters granted 30-day option to buy up to 1,698,113 additional shares.
- Offering expected to close on September 15, 2022; Goldman Sachs, J.P. Morgan, Cowen, BofA act as managers.
- All shares sold by Relay Therapeutics; shelf registration effective.