other material
confidence high
sentiment neutral
materiality 0.70
Arcus Biosciences raises ~$141.6M in public offering of 13.6M shares at $11.00/share
Arcus Biosciences, Inc.
- Offered 13,636,364 shares at $11.00/share, yielding ~$141.6M net proceeds after expenses.
- Proceeds to fund R&D activities, including clinical development of casdatifan, manufacturing, and general corporate purposes.
- Offering closed on Feb 19, 2025; underwritten by Goldman Sachs and Leerink Partners.
- Shares sold under existing shelf registration statement (Form S-3) filed with the SEC.