other material
confidence high
sentiment neutral
materiality 0.75
Recursion prices $200M public offering of 30.8M shares at $6.50 per share
RECURSION PHARMACEUTICALS, INC.
- Gross proceeds ~$200M before underwriting discounts and estimated offering expenses.
- Offering comprises 30,769,230 shares of Class A common stock at $6.50 per share.
- Underwriters granted 30-day option to purchase up to additional 4,615,384 shares.
- Expected closing date June 28, 2024, subject to customary conditions.
- Goldman Sachs & Co. LLC and J.P. Morgan are lead book-running managers.