other material
confidence high
sentiment positive
materiality 0.80
Gossamer Bio raises $25M initial private placement, up to $225M more tied to FDA milestones
Gossamer Bio, Inc.
- Initial closing expected Aug 24, 2026: ~$25M gross from pre-funded warrants at $0.1399/share.
- Second closing of ~$125M upon FDA acceptance of NDA for seralutinib in PAH; FDA Approval Warrants add ~$100M.
- Proceeds to fund clinical development and commercialization of seralutinib in PAH and PH-ILD.
- Warrants exercisable for preferred stock pre-stockholder approval, then common stock; conversion prices $0.14 and $0.187.
- Company lock-up until FDA approval warrants exercised or Dec 31, 2026 if second closing not met.