Instil Bio enters $100M at-the-market stock offering with Jefferies

Instil Bio, Inc.

Sales agreement with Jefferies LLC allows ATM sales of up to $100M in common stock.
Agent receives 3.0% commission on gross sales price per share sold.
Sales may be made directly on Nasdaq Capital Market; Company not obligated to sell.
Agreement terminates upon full sale or 10 trading days' notice from either party.
Prospectus supplement filed March 28, 2025 under effective S-3 registration statement.

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