other material
confidence high
sentiment positive
materiality 0.75
Solid Biosciences raises ~$240M in private placement; prelim cash ~$188M
Solid Biosciences Inc.
- Gross proceeds ~$240M from 14.97M shares at $5.61 and 27.81M pre-funded warrants at $5.609.
- Preliminary cash, equivalents and securities ~$187.9M as of Dec 31, 2025 (unaudited).
- Net proceeds extend runway into H1 2028; funds pipeline development, BD, and G&A.
- Investors include Perceptive Advisors, Bain Capital Life Sciences, RA Capital Management, Invus, and others.
- Private placement expected to close March 9, 2026; Leerink and Citi lead placement agents.