other_material
confidence high
sentiment negative
materiality 0.80
Cue Biopharma raises ~$10M in dilutive public offering; cash runway through Q1 2027
Cue Biopharma, Inc.
- Gross proceeds ~$10M from 35.7M shares/pre-funded warrants and 17.9M warrants at $0.28 combined offering price.
- Net proceeds ~$8.9M (~$10.3M if underwriters exercise full option), after underwriting discounts and expenses.
- Cash runway extended into Q1 2027 based on net proceeds, existing cash, and expected $10M from ImmunoScape collaboration.
- Underwriters have 30-day option to purchase up to 5,357,140 additional shares and 2,678,570 warrants.
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