Zura Bio prices $125M public offering of 18.2M shares at $6.25 and 1.8M pre-funded warrants

Zura Bio Ltd

Offering: 18.2M Class A ordinary shares at $6.25/share, plus 1.8M pre-funded warrants at $6.249 each.
Net proceeds expected ~$134.6M; underwriters' option for 3M additional shares exercised in full.
Preliminary cash and equivalents as of Dec 31, 2025: ~$109.4M.
Total outstanding ordinary shares after offering (excl. pre-funded warrants) ~94.9M.
Offering expected to close Feb 26, 2026; joint bookrunners: Leerink, Piper Sandler, Cantor.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Zura Bio Ltd entered into Underwriting Agreement with Leerink Partners LLC, Piper Sandler & Co. and Cantor Fitzgerald & Co., as representatives of the several underwriters valued at approximately $134.6 million (effective 2026-02-24).

Action: entry
Agreement: underwriting
Counterparty: Leerink Partners LLC, Piper Sandler & Co. and Cantor Fitzgerald & Co., as representatives of the several underwriters
Value: approximately $134.6 million
Effective: 2026-02-24

Exact text from the filing

On February 24, 2026, Zura Bio Limited (the “ Company ’) entered into an underwriting agreement (the “ Underwriting Agreement ”) with Leerink Partners LLC, Piper Sandler & Co. and Cantor Fitzgerald & Co., as representatives of the several underwriters listed therein (collectively, the “ Underwriters ”), pursuant to which the Company agreed to issue and sell 18,200,000 Class A ordinary shares

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Zura Bio Ltd filing history →

Source: SEC EDGAR

accession 0001104659-26-019827

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