Scholar Rock prices public offering of common stock, with intention to use funds for growth.

From Nasdaq.: 2024-10-08 23:30:14

Scholar Rock Holding Corp. announced an upsized public offering of 10.27 million shares of common stock at $28.25 per share, with pre-funded warrants also available. The offering is set to close on October 10, 2024, with an option for underwriters to purchase additional shares. The company expects gross proceeds of approximately $300 million, intending to use the funds for various purposes, including supporting commercialization of apitegromab and advancing clinical programs.

Overall, Scholar Rock aims to further develop its technology platform, advance its pipeline, and boost working capital, as stated in a recent press release.



Read more at Nasdaq.: Scholar Rock Prices Upsized $300 Mln Public Offering Of Common Stock And Pre-Funded Warrants