Cabaletta Bio slides on proposed securities offering

2025-06-11 06:29:06 ET

• Cabaletta Bio ( NASDAQ: CABA ) shares fell 20% in premarket trade on Wednesday after the biotechnology company proposed a public offering of mixed securities.
• The company plans to offer shares of its common stock and accompanying warrants to purchase shares of its common stock (or pre-funded warrants in lieu thereof) and, in lieu of common stock, to certain investors, pre-funded warrants to purchase shares of its common stock and accompanying warrants to purchase shares (or pre-funded warrants in lieu thereof).
• Cabaletta also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock and warrants offered in the public offering.
• The offering is expected to close on or about June 12, 2025, subject to customary closing conditions.
• Source: Press Release

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