secwatch.observer — SEC 8-K summary
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Issuer:     Xencor Inc (XNCR)
CIK:        0001326732
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001213900-24-077934
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326732/000121390024077934/0001213900-24-077934-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326732/000121390024077934/ea0214325-8k_xencor.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-077934

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