Verastem raises ~$51.1M in underwritten offering of common stock and warrants

Verastem, Inc.

13.3M shares of common stock and 13.3M warrants offered at $3.00 per combined unit.
An additional 5M pre-funded warrants with warrants offered at $2.999 per unit.
Net proceeds expected to be ~$51.1M after underwriting discounts and expenses.
Closing expected on or about July 25, 2024; warrants expire 18 months from issuance.
Warrant exercise price is $3.50 per share; pre-funded warrants exercisable at $0.001 per share.

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