other material
confidence high
sentiment neutral
materiality 0.70
Cogent Biosciences raises ~$162M in underwritten public offering of common stock and pre-funded warrants
Cogent Biosciences, Inc.
- Offering of 15,169,698 shares at $8.25 per share plus pre-funded warrants for 3,030,302 shares at $8.24.
- Underwriters exercised option to purchase an additional 2,730,000 shares on same terms.
- Gross proceeds of approximately $162 million before underwriting discounts and expenses.
- Pre-funded warrants exercisable immediately; holder cannot exceed 9.99% beneficial ownership without notice.
- Offering made under effective shelf registration statement filed May 24, 2022.