other material
confidence high
sentiment neutral
materiality 0.60
EyePoint closes upsized $230M public offering for wet AMD Phase 3 trials
EyePoint, Inc.
- Closed upsized public offering of 13,529,411 shares at $17.00/share, raising ~$230M gross.
- Underwriters fully exercised option for 1,764,705 additional shares.
- Net proceeds to fund EYP-1901 wet AMD Phase 3 pivotal trials and early pipeline.
- Joint book-runners: J.P. Morgan, TD Cowen, Guggenheim; Cantor as additional book-runner.
- Offerings were upsized from $175M initial to $200M priced, then $230M at close.