other material
confidence high
sentiment neutral
materiality 0.75
Phathom Pharmaceuticals prices $130M public offering of common stock and pre-funded warrants
Phathom Pharmaceuticals, Inc.
- 6,875,000 shares of common stock at $16.00/share and pre-funded warrants for 1,250,078 shares at $15.999/warrant.
- Gross proceeds approximately $130M; underwriters have 30-day option for additional 1,218,761 shares.
- Net proceeds for general corporate purposes, including working capital and R&D.
- Offering expected to close on/about January 9, 2026; Guggenheim Securities and Cantor are joint bookrunners.