Capricor gains after $150 mln equity raise in wake of its soaring stock

Piper Sandler Companies

05/12/2025 14:02

** Capricor Therapeutics' CAPR.O shares up 4.5% premarket at $26.55 after co capitalizes on its soaring stock by raising equity

    ** San Diego, California-based biotech early Fri sells 6 mln shares at $25 for $150 mln gross proceeds

    ** On Weds, CAPR shares surged 371% to an 8-year high after co said its experimental cell therapy, deramiocel, slowed the progression of Duchenne muscular dystrophy (DMD) in a late-stage trial

    ** On Thurs, shares fell ~15% to $25.40

    ** Co intends to use net offering proceeds for continued development and manufacturing of its product candidates, working capital and general purposes

        ** Piper Sandler and Oppenheimer are joint bookrunners

      ** CAPR has ~45.7 mln shares outstanding

    ** All 10 analysts rate CAPR "strong buy" or "buy"; median PT of $44 up from $21.50 a month ago, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))