secwatch.observer — SEC 8-K summary
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Issuer:     Oric Pharmaceuticals, Inc. (ORIC)
CIK:        0001796280
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001193125-23-175501
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ORIC raises $85M in private placement led by Nextech at $7.00/share
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- Gross proceeds ~$85M from sale of ~12.1M shares/pre-funded warrants at $7.00/share (15% premium to 30-day VWAP).
- Investors include Nextech, EcoR1 Capital, Frazier Life Sciences, Venrock Healthcare Capital Partners, Boxer Capital.
- Proceeds plus existing cash expected to fund operations into late 2025; lock-up until data readout or Dec 31, 2023.
- Registration statement for resale to be filed by Jan 31, 2024; closing expected June 27, 2023.
- Upcoming data: ORIC-114/533 in H2 2023, ORIC-944 in Q1 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796280/000119312523175501/0001193125-23-175501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796280/000119312523175501/d462067d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-175501

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer