secwatch.observer — SEC 8-K summary
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Issuer:     CURIS INC (CRIS)
CIK:        0001108205
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001108205-24-000068
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108205/000110820524000068/0001108205-24-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108205/000110820524000068/cris-20241028.htm
  HTML page:      https://secwatch.observer/filing/0001108205-24-000068

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