other material
confidence high
sentiment neutral
materiality 0.60
Corbus Pharmaceuticals prices $75M public offering of common stock and warrants
Corbus Pharmaceuticals Holdings, Inc.
- Offering of 4,744,231 shares at $13.00/share and 1,025,000 pre-funded warrants at $12.9999 each for ~$75M gross proceeds.
- Net proceeds to Corbus expected ~$70.5M; underwriters have 30-day option for additional 865,384 shares.
- Proceeds to fund clinical pipeline development and general corporate purposes.
- Pre-funded warrants exercisable immediately at $0.0001/share, capped at 9.99% beneficial ownership.
- Jefferies leads underwriting; RBC, LifeSci Capital, Mizuho as lead managers.