other material
confidence high
sentiment neutral
materiality 0.75
Disc Medicine prices $225.5M upsized public offering of common stock and pre-funded warrants
Disc Medicine, Inc.
- Offering of 3,918,182 shares at $55.00/share and 181,818 pre-funded warrants at $54.9999 each.
- Gross proceeds ~$225.5M; net proceeds ~$243.3M after underwriters' option exercised in full.
- Proceeds to fund clinical development, potential commercialization of bitopertin for EPP and XLP, and working capital.
- Cash, equivalents, and marketable securities plus offering net proceeds expected to fund operations into 2028.
- Offering closed January 24, 2025; underwriters include Jefferies, Leerink, Stifel, Cantor.