other material
confidence high
sentiment neutral
materiality 0.75
Inhibikase raises ~$93.6M in public offering, advances IKT-001 to Phase 3 PAH trial
Inhibikase Therapeutics, Inc.
- Offering of 46.1M shares at $1.45/share and pre-funded warrants for 22.9M shares; net proceeds ~$93.6M.
- Underwriters granted 30-day option to purchase up to 10.3M additional shares.
- Company amended Series A-1 and B-1 warrants to reflect plan to advance IKT-001 to global pivotal Phase 3 trial in PAH.
- Offering expected to close November 24, 2025; shelf registration effective June 27, 2025.
- Jefferies, BofA Securities, and Cantor Fitzgerald are representatives of the underwriters.