secwatch.observer — SEC 8-K summary
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Issuer:     Adicet Bio, Inc. (ACET)
CIK:        0001720580
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0000950170-24-007011
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adicet Bio prices $85.2M public offering of common stock and warrants at $2.40/share
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- Offered 27,054,667 shares at $2.40 and 8,445,333 pre-funded warrants at $2.3999; gross proceeds ~$85.2M.
- Net proceeds estimated ~$91.8M after underwriting discount and expenses; offering closes Jan 25.
- Underwriters' option for additional 5,325,000 shares exercised in full on Jan 23.
- As of Dec 31, 2023, preliminary cash and cash equivalents $159.7M.
- ATM sales since Sep 30: 6.35M shares at avg $3.13 for net $19.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720580/000095017024007011/0000950170-24-007011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720580/000095017024007011/acet-20240122.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-007011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer