other_material
confidence high
sentiment neutral
materiality 0.75
PepGen Inc. prices $100 million public offering of 31.25 million shares at $3.20 per share
PepGen Inc.
- PepGen entered into underwriting agreement with Leerink Partners and Stifel to sell 31,250,000 shares at $3.20 per share.
- Underwriters exercised in full their 30-day option to purchase an additional 4,687,500 shares.
- Net proceeds estimated at $107.6 million to fund FREEDOM-DM1 and FREEDOM2-DM1 clinical trials and for working capital.
- Offering expected to close on September 26, 2025, subject to customary conditions.
- Securities offered under an effective shelf registration statement filed with the SEC on June 28, 2024.
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