Disc Medicine proposes $350 million public offering
Disc Medicine announced a proposed $350 million public offering of common stock and pre-funded warrants.
Story updates
08:03:51 PM UTC
SquawkNews
IRON Disc Medicine: Announces Proposed $350 Million Stock Offering Following Positive Phase 3 APOLLO Results ⠀ · Offering includes newly issued common shares and pre-funded warrants, with a 30-day underwriter option for an additional $52.5M. · Proceeds will support clinical development and potential commercialization of bitopertin for EPP and XLP. · Transaction could raise up to $402.5M if fully exercised, potentially diluting existing shareholders. Pricing and completion remain subject to market conditions.
08:05:11 PM UTC
SquawkNews
Disc Medicine commenced an underwritten public offering of $350M in common stock and pre-funded warrants, with a 30-day option for underwriters to buy up to an additional $52.5M. All securities are offered by the company; terms and timing are subject to market conditions.Material DetailsContext by…