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Zentalis Pharmaceuticals prices 23M share offering at $3.50
Zentalis Pharmaceuticals announced the pricing of an underwritten public offering of 23 million shares of its common stock at $3.50 per share. Gross proceeds are expected to be approximately $80.5 million before deducting underwriting discounts, commissions, and offering expenses. The company also granted underwriters a 30-day option to purchase up to an additional 3.45 million shares at the same price. Net proceeds will fund clinical trials, preclinical studies, regulatory filings, manufacturing, and companion diagnostic development for its lead candidate, azenosertib, as well as pre-commercial activities, capital expenditures, and general corporate purposes. The offering is scheduled to close on August 17, 2026.
ZNTL · Capital · Negative Pricing of a public offering dilutes existing shareholders.