other material
confidence high
sentiment neutral
materiality 0.65
Nuvectis Pharma prices $13.5M public offering at $5/share; full over-allotment exercised
Nuvectis Pharma, Inc.
- Priced 2.7M shares at $5.00 for $13.5M gross; underwriter fully exercised over-allotment of 405k shares, total gross $15.5M, net ~$14.4M.
- Net proceeds to fund development of NXP800 (Phase 1b ARID1a-mutated ovarian cancer) and NXP900 (Phase 1a SRC kinase inhibitor).
- Lucid Capital Markets sole book runner; offering closed February 6, 2025, after option exercise.