Yarrow Bioscience Announces Closing of its $172.5 Million Underwritten Public Offering Including Full Exercise of the Underwriters' Option to Purchase Additional Shares
Yarrow Bioscience announced the closing of its underwritten public offering of 6,634,615 shares of common stock at $26.00 per share, including the full exercise of the underwriters' option for 865,384 additional shares, for total gross proceeds of $172.5 million.
Why it matters — The completion of the offering gives Yarrow fresh capital to fund its pipeline of therapies for autoimmune thyroid diseases, which is material to the company's near-term runway.