From TokenPost · · 40s
Disc Medicine Prices $450 Million Offering at $75 a Share
Disc Medicine raises $450 million with $75 per share offering.
In brief
Disc Medicine raises $450 million with $75 per share offering. Disc Medicine Inc. priced a public offering of 6 million shares at $75 each for $450 million in gross proceeds. Originally reported by TokenPost.
Disc Medicine Pricing
Disc Medicine Inc. priced a public offering of 6 million common shares at $75 each for $450 million in gross proceeds.
Offering Details
Underwriters can buy up to 900,000 additional shares within 30 days at the offering price, less underwriting discounts and commissions.
Use of Funds
Disc plans to use net proceeds for research, clinical development, potential commercialization of bitopertin, and working capital.
The short version
Disc Medicine Inc. priced a public offering of 6 million shares at $75 each for $450 million in gross proceeds.
