Geron raises $198.1M in public offering of common stock and pre-funded warrants

GERON CORP

Gross proceeds of $198.1M before expenses from 55,876,297 shares at $2.45/share and 25M pre-funded warrants at $2.449.
Pre-funded warrants have exercise price of $0.001, exercisable immediately with 9.99% ownership blocker (adjustable up to 19.99%).
Underwriters granted 30-day option to purchase up to 12,131,444 additional shares.
Offering expected to close January 10, 2023; underwritten by Goldman Sachs & Co. LLC.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GERON CORP entered into Underwriting Agreement with Goldman Sachs & Co. LLC, as representative of the several underwriters named therein valued at $198.1 million (effective 2023-01-05).

Action: entry
Agreement: underwriting
Counterparty: Goldman Sachs & Co. LLC, as representative of the several underwriters named therein
Value: $198.1 million
Effective: 2023-01-05

Exact text from the filing

On January 5, 2023, Geron Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Goldman Sachs & Co. LLC, as representative of the several underwriters named therein (collectively, the “Underwriters”), relating to the issuance and sale (the “Offering”) of 55,876,297 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), and pre-funded warrants to purchase 25,000,000 shares of Common Stock (the “Pre-Funded Warrants”).

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GERON CORP filing history →

Source: SEC EDGAR

accession 0000950170-23-000349

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