other material
confidence high
sentiment neutral
materiality 0.60
Precision BioSciences prices $75M underwritten offering of common stock and warrants
PRECISION BIOSCIENCES INC
- Offering: 10.8M shares + 1.4M pre-funded warrants at $6.14/$6.139995 per unit; gross proceeds ~$75M.
- Net proceeds ~$70M after discounts and expenses, expected close Nov 12, 2025.
- Each whole warrant exercises at $7.25/share, 5-year term; 4.99% beneficial ownership cap applies.
- Proceeds to fund R&D for ARCUS gene editing pipeline and working capital.
- Guggenheim Securities sole book-runner; participation from Aberdeen, Bleichroeder, Driehaus, and others.