Curis raises $12.1M via registered direct offering and concurrent private placement

CURIS INC

Issued 2,398,414 shares of common stock and unregistered warrants for 2,398,414 shares at exercise price $4.92.
Combined purchase price per share and associated warrant is $5.045; gross proceeds ~$12.1M before fees.
Offering expected to close on or about October 30, 2024; Truist Securities and Laidlaw & Company acting as placement agents.
Net proceeds plus existing cash expected to fund operations into mid-2025; use for R&D and working capital.
Warrants are exercisable immediately for 5 years with customary beneficial ownership limitation of 4.99%/9.99%.

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