other_material
confidence high
sentiment neutral
materiality 0.70
Absci prices $50M public offering of 16.67M shares at $3.00 per share
Absci Corp
- Offering of 16,670,000 shares at $3.00 per share; gross proceeds ~$50M.
- Net proceeds estimated at ~$46.7M (or ~$53.7M if underwriters' option exercised in full).
- Proceeds to fund internal programs, Integrated Drug Creation platform, and general corporate purposes.
- Underwriters: Morgan Stanley, J.P. Morgan, Jefferies, TD Securities; expected close July 28, 2025.
- Offer made under effective shelf registration statement on Form S-3 (File No. 333-267043).
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