other material
confidence high
sentiment neutral
materiality 0.80
Corvus Pharmaceuticals prices $22.15/share public offering of ~9.1M shares for ~$188.3M net proceeds
Corvus Pharmaceuticals, Inc.
- Upsized public offering of 7,900,677 shares at $22.15/share; underwriters fully exercised 30-day option for 1,185,101 additional shares.
- Expected net proceeds of approximately $188.3 million after underwriting discounts and expenses.
- Net proceeds to fund working capital and R&D for Phase 3 T cell lymphoma and Phase 2 atopic dermatitis, hidradenitis suppurativa, and asthma trials.
- Offering expected to close on January 23, 2026; Jefferies and Goldman Sachs acted as lead underwriters.