Scholar Rock Holding Commences Public Offering For $275M Of Shares Of Its Common Stock And Pre-Funded Warrants
Portfolio Pulse from Benzinga Newsdesk
Scholar Rock Holding has announced a public offering of $275 million in shares and pre-funded warrants. The proceeds will be used for commercialization, clinical programs, technology development, and general corporate purposes.
October 07, 2024 | 8:10 pm
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Scholar Rock Holding is raising $275 million through a public offering to fund its commercialization efforts, clinical programs, and technology development.
The public offering is a significant move for Scholar Rock as it aims to raise capital for key business areas. While this could dilute existing shares, the funds are intended to support growth and development, which may be positive in the long term.
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