Kymera Therapeutics Begins Public Offering Of $200M Of Shares Of Common Stock And, In Lieu Of Common Stock To Certain Investors, Pre-funded Warrants
Portfolio Pulse from Benzinga Newsdesk
Kymera Therapeutics is launching a public offering of $200M in common stock and pre-funded warrants, with an option for underwriters to purchase an additional $30M. The proceeds will support its degrader programs and potential acquisitions.
August 19, 2024 | 8:02 pm
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Kymera Therapeutics is conducting a $200M public offering of common stock and pre-funded warrants, with an option for an additional $30M. The funds will support its degrader programs and potential acquisitions.
The public offering will provide Kymera with significant capital to advance its pipeline and explore strategic acquisitions. While this could lead to long-term growth, the immediate impact on stock price is neutral as the market digests the dilution effect.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100