debt
confidence high
sentiment neutral
materiality 0.80
ImmunityBio prices $100M public offering at $3/sh and restructures $505M Nant Capital note
ImmunityBio, Inc.
- Public offering of 33.3M shares at $3/sh for gross proceeds ~$100M; net to company ~$93.1M from firm shares.
- Underwriters have 30-day option to purchase additional 5M shares at $3/sh; potential net proceeds $107.2M.
- Concurrent debt restructuring: Nant Capital notes consolidated into $505M note due Dec 2027, interest SOFR+8%, convertible at $5.427/sh.
- Limited consent from Oberland Capital (RIPA) obtained for the debt restructuring.
- Net proceeds intended for ANKTIVA commercialization, BCG-naïve NMIBC and NSCLC trials, R&D, working capital.