other_material
confidence high
sentiment neutral
materiality 0.70
Compass Therapeutics prices $120M upsized public offering of common stock and pre-funded warrants
Compass Therapeutics, Inc.
- Priced upsized $120M offering: 33.29M shares at $3.00/share and 6.71M pre-funded warrants at $2.9999 each.
- Net proceeds estimated at $112.5M (base), up to $129.5M if underwriters' 30-day option for 6M additional shares is exercised.
- Proceeds to fund commercial readiness, R&D of product candidates, and general corporate purposes.
- Cash and equivalents expected to fund operations into 2028.
- Jefferies, Piper Sandler, and Guggenheim Securities are joint bookrunners.
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