other material
confidence high
sentiment negative
materiality 0.75
Curis raises $7.0M in registered direct & private placement; cash runway into Q1 2026
CURIS INC
- Gross proceeds ~$7.0M from sale of 1,538,460 shares and warrants; combined price $2.275/share + warrant.
- Pre-funded warrants at $0.01 exercise price; common warrants at $2.15, 5-year term.
- Cash runway expected into Q1 2026 based on current plans; ATM program terminated.
- Underwriter fees ~$0.5M plus expenses up to $0.1M.
- Offering expected to close July 3, 2025.