other material
confidence high
sentiment neutral
materiality 0.75
Absci prices $100M common stock offering at $7.41/share; Lilly, other investors participate
Absci Corp
- 13,495,277 shares priced at $7.41 each; gross proceeds ~$100M, net ~$93.5M after fees.
- Offering includes participation from Eli Lilly, Adage, BVF Partners, Columbia Threadneedle, Invus, Redmile.
- Net proceeds to fund AI-designed anti-PRLR antibody ABS-201 for alopecia and endometriosis.
- Offering expected to close June 25, 2026; Jefferies, J.P. Morgan, TD Cowen, Guggenheim as bookrunners.
- Shares sold under effective shelf registration statement (File No. 333-289541).