other material
confidence high
sentiment negative
materiality 0.70
Vir Biotechnology closes $172.5M equity offering; underwriters exercise full over-allotment
Vir Biotechnology, Inc.
- Sold 20,294,117 shares of common stock at $8.50 per share, raising ~$172.5M in gross proceeds.
- Underwriters exercised in full the 30-day option to purchase an additional 2,647,058 shares on Feb 26, 2026.
- Offering closed on February 27, 2026; net proceeds after discounts and expenses not disclosed.
- Goldman Sachs, Leerink Partners, Evercore, and Barclays acted as representatives of the underwriters.