other_material
confidence high
sentiment neutral
materiality 0.70
Ocular Therapeutix prices $475M common stock offering at $12.53/share to fund AXPAXLI trials
OCULAR THERAPEUTIX, INC
- Offering of 37,909,018 shares priced at $12.53 each for gross proceeds ~$475M; net proceeds ~$445.9M.
- Net proceeds plus existing cash expected to fund operations into 2028, excluding full AXPAXLI commercial launch costs.
- Funds to support AXPAXLI open-label extension in wet AMD, Phase 3 trials in NPDR, and manufacturing scale-up.
- Offering expected to close Oct 1, 2025; BofA Securities, TD Cowen, Piper Sandler & Co. acting as joint book-runners.
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