other material
confidence high
sentiment positive
materiality 0.75
Assembly Biosciences raises $115M gross in underwritten equity offering; underwriters exercise option in full
ASSEMBLY BIOSCIENCES, INC.
- Closed offering of 3,924,624 common shares at $26.50 and pre-funded warrants for 415,000 shares at $26.499.
- Net proceeds of approximately $107.4M after underwriting discounts and estimated expenses.
- Investors include Gilead Sciences, Commodore Capital, Farallon Capital, and others.
- Proceeds to fund clinical development of pipeline candidates and for general corporate purposes.
- Underwriters' 30-day option for 566,040 additional shares exercised in full on May 22.