other material
confidence high
sentiment neutral
materiality 0.75
Prelude Therapeutics prices $90M public offering of common stock and pre-funded warrants
Prelude Therapeutics Inc
- Offering of 18,018,014 common shares at $4.44/share and pre-funded warrants for 2,252,252 shares at $4.4399.
- Gross proceeds ~$90M; net proceeds ~$85.5M after expenses.
- Led by RA Capital Management and Soleus Capital; closes April 21, 2026.
- Proceeds to fund R&D, working capital; extends cash runway into Q2 2028.
- Underwriters: Goldman Sachs, Evercore ISI, Citizens Capital Markets.