Nuvalent prices upsized $500M public offering of 5M shares at $100/sh

Nuvalent, Inc.

Offering of 5,000,000 shares at $100.00/share; gross proceeds ~$500M.
Net proceeds estimated at $469.5M; ~$540M if underwriters exercise 750k-share option.
Underwriters granted 30-day option for up to 750k additional shares at same price.
Proceeds expected to fund operating expenses and capital expenditures into 2028.
Closing expected on September 18, 2024, subject to customary conditions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.