secwatch.observer — SEC 8-K summary
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Issuer:     Verastem, Inc. (VSTM)
CIK:        0001526119
Form:       8-K
Filed at:   2023-06-21T23:59:59+00:00
Accession:  0001104659-23-073116
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verastem raises ~$97.8M in underwritten offering of common stock and pre-funded warrants
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- Offering includes 7,181,409 shares at $9.75, 1,538,591 pre-funded warrants at $9.749, and underwriters' option for 1,308,000 shares exercised in full.
- Pre-funded warrants have $0.001 exercise price and 9.99% beneficial ownership limitation (waivable to 19.99%).
- Closing expected June 21, 2023; proceeds for general corporate purposes (not specified).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526119/000110465923073116/0001104659-23-073116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526119/000110465923073116/tm2318315d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-073116

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