other material
confidence high
sentiment neutral
materiality 0.70
Disc Medicine prices $178M underwritten offering of 4.94M shares at $36.00
Disc Medicine, Inc.
- Priced 4,944,000 shares at $36.00; gross proceeds ~$178M, net ~$172.3M.
- Offering led by Frazier Life Sciences and Logos Capital with other institutional investors.
- Net proceeds to fund clinical development, R&D, and working capital; cash runway extended into 2027.
- Expected to close June 17, 2024; Leerink Partners acts as sole bookrunner.
- Offered under effective shelf registration statement (Form S-3, No. 333-275652).