Erasca prices $160M common stock offering of 86.5M shares at $1.85/share

Erasca, Inc.

Gross proceeds ~$160M; net proceeds ~$151.6M (or ~$174.4M if underwriters' option exercised).
Underwriters granted 30-day option to buy up to 12,972,972 additional shares at same price.
Offering expected to close May 21, 2024; net proceeds to fund R&D and working capital.
Existing cash plus net proceeds from this and April 2 private placement fund operations into first half 2027.
J.P. Morgan and BofA Securities act as joint book-running managers.

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