other material
confidence high
sentiment neutral
materiality 0.70
PMV Pharma prices $50.8M public offering of common stock and warrants
PMV Pharmaceuticals, Inc.
- Priced offering of 22,055,000 shares and pre-funded warrants for 19,900,000 shares, each with accompanying warrants for 41,955,000 shares total.
- Combined offering price $1.21 per share/warrant; gross proceeds ~$50.8M, net ~$47.0M.
- Proceeds to fund late-stage development, regulatory submission, and commercialization prep for rezatapopt.
- Warrants exercisable immediately, expire in 5 years; exercise price resets to 33% of initial upon FDA acceptance of rezatapopt NDA.
- Offering expected to close September 2, 2026; TD Cowen sole book-runner.