Apr. 3 at 7:57 PM
Celldex Therapeutics Inc priced an underwritten public offering of 10.345M common shares at
$29.00 per share, with a 30-day option for underwriters to purchase up to an additional 1.55M shares. Expected gross proceeds are ~
$300M before fees and expenses. Closing is anticipated around April 6, 2026, subject to customary conditions.
Proceeds, alongside existing cash, will support potential commercialization of barzolvolimab (for chronic spontaneous urticaria, if approved), continued pipeline development, expansion of its bispecific antibody platform, and general corporate purposes.
Led by Leerink Partners, TD Cowen, Guggenheim Securities, and Cantor Fitzgerald, with LifeSci Capital and H.C. Wainwright & Co. as co-leads.
$CLDX