other material
confidence high
sentiment positive
materiality 0.70
Cogent closes upsized $172.6M public offering of common stock and pre-funded warrants
Cogent Biosciences, Inc.
- Gross proceeds ~$172.6M from 17,899,698 shares at $8.25 and 3,030,302 pre-funded warrants at $8.24.
- Net proceeds to fund development and commercial activities for bezuclastinib and other candidates.
- Underwriters exercised in full their option to purchase 2,730,000 additional shares.
- Pre-funded warrants exercisable at $0.01 per share, subject to 9.99% beneficial ownership limitation.