other_material
confidence high
sentiment neutral
materiality 0.60
Cidara prices upsized $350M public offering of common stock at $44.00 per share
Cidara Therapeutics, Inc.
- Upsized offering from $250M to gross proceeds of $350M (7,954,546 shares at $44.00/share).
- Underwriters granted 30-day option to purchase up to 1,193,181 additional shares.
- Joint book-runners: J.P. Morgan, Morgan Stanley, Guggenheim Securities, Cantor Fitzgerald.
- Offering expected to close June 26, 2025, subject to customary closing conditions.
- Proceeds intended for general corporate purposes; no specific use disclosed.
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