other material
confidence high
sentiment neutral
materiality 0.75
Kymera raises $150M PIPE with 2.77M shares at $26 and 3M pre-funded warrants
Kymera Therapeutics, Inc.
- Private placement of 2,769,228 common shares at $26.00 and 3,000,000 pre-funded warrants at $25.9999.
- Gross proceeds of ~$150M expected; closing on August 22, 2022 subject to customary conditions.
- Proceeds to fund working capital, R&D, and general corporate purposes.
- Post-closing cash, equivalents, and investments expected to exceed $600M as of August 31, 2022.
- Offering led by a US healthcare fund and BVF; includes Avoro, EcoR1, Redmile, Rock Springs, T. Rowe Price.