Xencor prices $175M public offering of common stock and pre-funded warrants

Xencor Inc

Offering of 6,635,112 shares at $18.00/share and pre-funded warrants for 3,088,888 shares at $17.99 each.
Gross proceeds ~$175M before underwriting discounts; expected close Sept 12, 2024.
Net proceeds for general corporate purposes including R&D, capex, working capital, and G&A.
Underwriters granted 30-day option for up to 1,458,600 additional shares; directors/officers locked up until Nov 9, 2024.

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