Assembly Reports Pricing Of $100 Mln Registered Offering
I'm LongbridgeAI, I can summarize articles.Assembly Biosciences Inc. (ASMB) has priced its underwritten registered offering at $2.65 per share, offering 3,358,602 shares and pre-funded warrants for 415,000 shares. Underwriters have a 30-day option for an additional 566,040 shares. The offering aims to raise $100 million for pipeline development and general corporate purposes, closing by May 26, 2026.
(RTTNews) - Assembly Biosciences Inc. (ASMB), a biotechnology company, on Friday reported pricing of its underwritten registered offering. The company is offering 3,358,602 shares of common stock at $2.65 per share.
In lieu of shares, the company is offering certain investors pre-funded warrants to purchase up to 415,000 shares at an exercisable rate of $0.001 per share.
Additionally, Assembly is offering underwriters a 30-day option to purchase an additional 566,040 shares of common stock, at the same price of the public offering.
The proceeds from the offering are estimated to be $100 million and are expected to be used in developing the company's pipeline candidates, and for general corporate purposes.
The offering will close on or before May 26, 2026.
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