other material
confidence high
sentiment neutral
materiality 0.65
Capricor Therapeutics prices ~$75M public offering of 4.4M shares at $17/sh
CAPRICOR THERAPEUTICS, INC.
- Gross proceeds ~$75M from 4,412,000 shares at $17.00/sh; underwriters have 30-day option for up to 661,800 additional shares.
- Offering expected to close October 18, 2024; Piper Sandler and Oppenheimer act as joint book-running managers.
- Net proceeds to fund continued product candidate development, manufacturing, working capital, and general corporate purposes.
- Offering made under effective Form S-3 shelf registration; prospectus supplement filed October 16, 2024.