other material
confidence high
sentiment negative
materiality 0.75
CytomX nets $93.4M in underwritten common stock offering; 76.9M shares at $1.30
CytomX Therapeutics, Inc.
- Sold 76,923,076 shares of common stock at $1.30/share, generating ~$93.4M in net proceeds after underwriting discounts and expenses.
- Proceeds to be used for research and development, general corporate purposes, and working capital.
- Underwriting syndicate led by Jefferies and Piper Sandler & Co.
- Offering closed on May 13, 2025; shares issued under effective shelf registration statement.