other material
confidence high
sentiment neutral
materiality 0.70
Cue Biopharma prices $12M public offering of stock and warrants, extends cash runway into Q4 2025
Cue Biopharma, Inc.
- 10.6M shares of common stock and 2.9M common stock warrants offered at $0.50 per unit; pre-funded warrants for 12.4M shares at $0.499.
- Net proceeds estimated at $10.7M after underwriting discounts and expenses.
- Oppenheimer & Co. is sole book-running manager; closing expected September 30, 2024.
- Cash runway extended into fourth quarter of 2025, based on current plans.
- Warrants: pre-funded exercisable at $0.001, common stock warrants at $0.50, expire in five years.