other material
confidence high
sentiment neutral
materiality 0.60
Scholar Rock prices $300M upsized public offering of common stock and pre-funded warrants
Scholar Rock Holding Corp
- Gross proceeds ~$300M; 10,265,488 shares at $28.25/share and 353,983 pre-funded warrants at $28.2499 each.
- Underwriters granted 30-day option to purchase up to 1,592,920 additional shares (15% of offering).
- Net proceeds ~$282.3M after underwriting discounts and expenses; expected to fund operations into Q4 2026.
- Proceeds to support apitegromab commercialization, clinical programs, platform development, and working capital.
- Offering expected to close October 10, 2024, subject to customary conditions.