Brief: Cogent Bio Announces Oversubscribed $225 Million Private Placement

Cogent Biosciences

14/02/2024 12:12

Feb 14 (Reuters) - Cogent Biosciences Inc  COGT.O :
    * COGENT BIOSCIENCES ANNOUNCES OVERSUBSCRIBED $225 MILLION
PRIVATE
PLACEMENT
    * COGENT BIOSCIENCES INC- PRO-FORMA CASH, CASH EQUIVALENTS
AND
MARKETABLE SECURITIES EXPECTED TO FUND COMPANY INTO 2027
    * COGENT BIOSCIENCES -PURSUANT TO TERMS OF DEAL, COGENT WILL
SELL
17 MILLION SHARES OF COMMON STOCK AT $7.50 PER SHARE,
REPRESENTING PREMIUM OF ABOUT 37%

Source text for Eikon:  ID:nGNX5WCKGb 
Further company coverage:  COGT.O 

 ((Reuters.Briefs@thomsonreuters.com;))