Tyra Announces Pricing of $400 Million Underwritten Offering of Common Stock and Pre-Funded Warrants
Tyra Biosciences announced the pricing of an underwritten offering of 9,079,000 shares of common stock at $22.03 per share, along with pre-funded warrants to purchase 9,078,529 shares at $22.029 per share, for approximately $400 million. The offering is being made to investors as part of a capital raise.
Why it matters — The offering provides Tyra with substantial new capital to fund its clinical-stage FGFR precision medicine programs, though it also expands the company's outstanding share count.