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JNCE - Jounce Therapeutics raises $56M via equity offering
Jounce Therapeutics Inc.
Jounce Therapeutics (JNCE) has priced its public offering of 5M common shares at $11.25/share, for gross proceeds of ~$56.25M. Underwriters' over-allotment is an additional 750K shares.The proceeds are expected to be used to fund ongoing and planned clinical trials, to fund R&D to advance pipeline, for working capital and other general corporate purposes.Closing date is March 12.Shares down 4.5% after-hours. Yesterday's close was $11.83.Previously (March 9): Jounce Therapeutics launches stock offering