other material
confidence high
sentiment neutral
materiality 0.75
Aura Biosciences raises ~$280.8M in public offering; to repurchase $39M in stock from Matrix Capital
Aura Biosciences, Inc.
- Offering of 39,591,000 shares at $6.00 and 3,800,000 pre-funded warrants, net proceeds ~$280.8M.
- Underwriters' option for additional 6,508,650 shares exercised in full.
- $241.8M to advance clinical programs including bel-sar and early choroidal melanoma.
- $39M to repurchase 6,922,870 shares from Matrix Capital at $5.64 per share.
- Cash runway extended into second half of 2028.