MRUS - Merus prices stock offering to raise $150M

2023-08-10 14:30:08 ET

• Merus ( NASDAQ: MRUS ) has priced an underwritten public offering to raise $150 million, the company said Thursday.
• The company will offer 6,818,182 common shares at $22 apiece.
• The offer price represents a 3.9% discount to Wednesday's closing price of $22.89.
• The underwriters also have a 30-day option to purchase up to an additional 1,022,727 common shares.
• All of the shares in the offering are to be sold by Merus.
• The offering is expected to close on or about August 14, 2023.
• The net proceeds, along with its existing cash, cash equivalents, and marketable securities, will be used to advance the clinical development of its product candidates, for working capital, and for general corporate purposes, among other things.
• Jefferies, BofA Securities, Guggenheim Securities, and William Blair are acting as joint book-running managers for the offering.
• Van Lanschot Kempen is acting as lead manager for the offering.
• Press Release .

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