other material
confidence high
sentiment neutral
materiality 0.80
Revolution Medicines raises ~$823M in underwritten public offering of common stock and pre-funded warrants
Revolution Medicines, Inc.
- Offering of 16,576,088 common shares and pre-funded warrants for 2,173,917 shares closed Dec 5, 2024.
- Public price $46.00 per share / $45.9999 per pre-funded warrant; underwriters purchased at $43.93/$43.9299.
- Net proceeds ~$823M after discounts and expenses; underwriters' option exercised in full.
- 45-day lock-up on share sales by directors, officers and the company, subject to exceptions.
- Underwriting led by J.P. Morgan, TD Securities, Goldman Sachs & Guggenheim Securities.