other_material
confidence high
sentiment neutral
materiality 0.75
Immunic prices $65M underwritten offering of pre-funded warrants and Series A/B warrants
IMMUNIC, INC.
- Offering of 86.7M pre-funded warrants plus Series A & B warrants at $0.7499 per unit; proceeds ~$65M.
- Series A warrants ($0.75 exercise) expire Dec 31, 2025; Series B warrants ($0.75) exercisable from Oct 2025 or upon VWAP ≥$1.25.
- Potential additional $130M gross proceeds if Series A and B warrants fully exercised for cash.
- Leerink Partners sole bookrunner; B. Riley Securities and Brookline Capital co-managers; close expected June 3, 2025.
- Proceeds to fund clinical trials and operations.
item 1.01item 7.01item 9.01