other material
confidence high
sentiment neutral
materiality 0.80
Solid Biosciences prices $200M public offering of common stock and pre-funded warrants
Solid Biosciences Inc.
- Priced public offering of 35.7M shares at $4.03/share and pre-funded warrants for 13.9M shares at $4.029 each; gross proceeds ~$200M.
- Net proceeds estimated at $187.5M after underwriting discounts and expenses; offering expected to close Feb 19, 2025.
- Investors include Adage Capital Partners, Bain Capital Life Sciences, Invus, Perceptive Advisors, RA Capital Management, others.
- Jefferies, Leerink Partners, William Blair act as joint book-runners; H.C. Wainwright as lead manager.