secwatch.observer — SEC 8-K summary
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Issuer:     Verastem, Inc. (VSTM)
CIK:        0001526119
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001104659-24-082526
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526119/000110465924082526/0001104659-24-082526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526119/000110465924082526/tm2413643d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-082526

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