other material
confidence high
sentiment neutral
materiality 0.75
Dyne Therapeutics prices upsized $350M public offering at $18.44/share
Dyne Therapeutics, Inc.
- Priced 18,980,478 shares at $18.44/share; gross proceeds $350M.
- Underwriters granted 30-day option for additional 2,847,071 shares.
- Net proceeds estimated at ~$328.5M ($377.9M if option exercised).
- Also borrowed $50M second tranche under Hercules Loan Agreement.
- Cash runway extended into Q1 2028 with combined resources.