Rapport Therapeutics ticks up after commencing $250 mln equity offering

Rapport Therapeutics

08/09/2025 22:25

** Rapport Therapeutics' RAPP.O shares up 0.8% in
    extended trading as co looks to raise equity after its stock soared

    ** RAPP shares on Mon closed up ~119% at $31.47 after its seizure drug, RAP-219, met mid-stage trial goals

    ** After the bell, co commences $250 mln stock offering

    ** It intends to use net proceeds to primarily fund ongoing and planned clinical trials advancing RAP-219, other R&D and for working capital and other purposes, per the prospectus filing

    ** Goldman Sachs, Jefferies, TD Cowen and Stifel are joint bookrunners

    ** Boston-headquartered Rapport has ~36.5 mln shares outstanding for ~$1.1 bln current market cap

    ** Rapport, backed by Johnson & Johnson JNJ.N, went public in Jun 2024 after IPO priced at $17

    ** All 6 analysts are bullish on RAPP; median PT of $50 up from $35 a month ago, per LSEG data

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

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