Immatics announces $150 million underwritten offering
German cancer specialist Immatics (Nasdaq: IMTX) today announced that it has agreed to sell 12,945,916 ordinary shares at $8.69 per share and, in lieu of ordinary shares to certain investors, pre-funded warrants to purchase 4,315,304 ordinary shares at a purchase price of $8.689 per pre-funded warrant, which represents the per share offering price less the $0.001 per share exercise price for each pre-funded warrant, in an underwritten offering.
Immatics’ shares rose 9.3% to $9.50 in pre-market activity following the announcement. The stock was also supported by a fresh analyst endorsement from Goldman Sachs, which reiterated its Buy rating on the shares in the early pre-market hours.
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