other material
confidence high
sentiment neutral
materiality 0.70
EyePoint closes upsized $161M public offering; net proceeds ~$151.1M for DURAVYU development
EyePoint, Inc.
- Closed offering of 14,636,363 shares at $11.00/share, including full underwriter option exercise for 1,909,090 additional shares.
- Net proceeds of ~$151.1M after underwriting discounts and expenses; original offering was upsized from $125M to $161M gross.
- Proceeds to fund DURAVYU clinical development for wet AMD & DME, early-stage pipeline, and general corporate purposes.
- Joint book-runners: J.P. Morgan, Citigroup, Guggenheim Securities; co-managers: Baird, Mizuho, Jones.