Curis, Inc. Announces Pricing of $5.6 Million Public Offering
Curis, Inc. announced the pricing of its $5.6 million public offering, in which new and existing healthcare-focused institutional investors will purchase roughly 3.73 million shares (or pre-funded warrants) with accompanying warrants at a combined offering price of $1.50 per share and warrant. The proceeds relate to funding the company's development of its IRAK4 and FLT3 inhibitor emavusertib.
Why it matters — CRIS watchers would care because this capital raise provides funding for the company's pipeline but issues additional shares, diluting existing shareholders.