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COGT - Cogent Biosciences trades in red on $125M stock offering
Cogent Biosciences Inc Com
Cogent Biosciences (NASDAQ:COGT) commenced an underwritten public offering of $125M of shares; underwriters granted 30-day option to purchase up to an additional $18.75M of shares. Net proceeds to be used for development, regulatory and commercial preparation activities relating to bezuclastinib and other product candidates, as well as general corporate purposes. Shares trading 9.7% down premarket.