other material
confidence high
sentiment neutral
materiality 0.75
Nkarta raises ~$225.2M in underwritten offering of stock and pre-funded warrants
Nkarta, Inc.
- Offering of 21,010,000 shares at $10.00 and pre-funded warrants for 3,000,031 shares at $9.9999.
- Net proceeds of ~$225.2M after underwriting discounts and estimated expenses.
- Proceeds to fund NKX019 clinical development and internal manufacturing buildout.
- Pre-funded warrants exercisable immediately at $0.0001 per share, with 19.99% ownership cap.
- Underwriting agreement with Leerink Partners and Cowen and Company, LLC, dated March 25, 2024.