Tuesday, September 10, 2024

Monte Rosa Therapeutics prices $100M stock and warrants offering

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  • Monte Rosa Therapeutics (NASDAQ:GLUE) said Thursday it has priced an underwritten public offering of stock and warrants to raise up to $100 million.
  • The company said it would offer 10,638,476 shares of its common stock at $4.70 per share and, in lieu of common stock to certain investors, pre-funded warrants to purchase 10,638,524 shares of common stock at $4.6999 per pre-funded warrant.
  • The financing was led by Dimension and a life-sciences focused institutional investor, with participation from other new and existing investors.
  • TD Cowen and Wedbush PacGrow are acting as joint book-running managers for the offering.
  • Press Release.

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