Feb. 11 at 11:58 AM
$SERA Sera Prognostics announces pricing of
$50M public offering
Sera Prognostics announced the pricing of its underwritten public offering of 1.25M shares of its Class A common stock at a public offering price of
$4.00 per share, and, in lieu of Class A common stock to certain investors, pre-funded warrants to purchase 11,250,000 shares of its Class A common stock at a public offering price of
$3.9999 per pre-funded warrant, which equals the public offering price per share of the Class A common stock less the
$0.0001 per share exercise price of each pre-funded warrant, in each case before underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Sera, are expected to be approximately
$50M.
Sera has granted the underwriters a 30-day option to purchase up to an additional 1.875M shares of Class A common stock at the public offering price, less underwriting discounts and commissions. The pre-funded warrants will be immediately exercisable, and may be exercised at any time after their original issuance. All of the shares and pre-funded warrants are being offered by Sera. The offering is expected to close on February 12, subject to the satisfaction of customary closing conditions. Jefferies, TD Cowen and William Blair are acting as joint book-running managers and RBC Capital Markets is acting as a bookrunner for the offering.
