RAPT Therapeutics Announces Pricing of $75 Million Public Offering
February 07 2020 - 6:45AM
RAPT Therapeutics, Inc. (Nasdaq: RAPT), a clinical-stage
immunology-based biopharmaceutical company focused on
discovering, developing and commercializing oral small molecule
therapies for patients with significant unmet needs in oncology and
inflammatory diseases, today announced the pricing of its
underwritten public offering of 2,500,000 shares of common stock at
a public offering price of $30.00 per share.
In addition, the underwriters have been granted a 30-day option
to purchase up to an additional 375,000 shares of common stock at
the public offering price, less the underwriting discount. The
gross proceeds of the offering, before deducting underwriting
discounts and commissions and other offering expenses payable by
RAPT, are expected to be $75.0 million, excluding any exercise of
the underwriters’ option to purchase additional shares. The
offering is expected to close on February 11, 2020, subject to the
satisfaction of customary closing conditions.
BMO Capital Markets, Wells Fargo Securities, UBS Investment Bank
and Cantor Fitzgerald & Co. are acting as joint book-running
managers for the offering.
The offering is being made only by means of a prospectus. Copies
of the final prospectus relating to this offering may be obtained,
when available, from: BMO Capital Markets Corp., Attention: Equity
Syndicate Department, 3 Times Square, 25th Floor, New York, NY
10036, by telephone at (800) 414-3627 or by e-mail at
bmoprospectus@bmo.com; Wells Fargo Securities, LLC, Attention:
Equity Syndicate Department, 500 West 33rd Street, New York, New
York 10001, or by email at cmclientsupport@wellsfargo.com, or by
telephone at (800) 326-5897; UBS Securities LLC, Attention:
Prospectus Department, 1285 Avenue of the Americas, New York, NY
10019, by telephone at (888) 827-7275 or by email at
ol-prospectus-request@ubs.com; or Cantor Fitzgerald & Co.,
Attention: Capital Markets, 499 Park Avenue, 6th Floor, New York,
New York 10022, or by email at prospectus@cantor.com. Copies of the
preliminary prospectus and, when available, the final prospectus
related to the offering are also available, or will be available,
at www.sec.gov.
A registration statement relating to the shares being sold in
this offering was declared effective by the Securities and Exchange
Commission on February 6, 2020.This press release shall not
constitute an offer to sell or a solicitation of an offer to buy
these securities, nor shall there be any sale of these securities
in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or other
jurisdiction.
About RAPT Therapeutics, Inc.
RAPT Therapeutics (the “Company”) is a clinical stage
immunology-based biopharmaceutical company focused on discovering,
developing and commercializing oral small molecule therapies for
patients with significant unmet needs in oncology and inflammatory
diseases. Utilizing its proprietary discovery and development
engine, the Company is developing highly selective small molecules
designed to modulate the critical immune drivers underlying these
diseases. RAPT has discovered and advanced two unique drug
candidates, FLX475 and RPT193, each targeting C-C motif chemokine
receptor 4, for the treatment of cancer and inflammation,
respectively. The Company is also pursuing a range of targets,
including general control nonderepressible 2 (GCN2) and
hematopoietic progenitor kinase 1 (HPK1), that are in the discovery
stage of development.
Media Contact:Angela Bittingmedia@rapt.com(925) 202-6211
Investor Contact:Sylvia Wheelerswheeler@wheelhouselsa.com
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