Shattuck Labs (STTK) said Tuesday it has commenced a public offering of shares of common stock, with pre-funded warrants available to certain investors in lieu of common stock.

The company has also granted underwriters a 30-day option to purchase up to an additional 15% of shares at the offering price.

All securities, whose terms were not disclosed, are being offered by Shattuck.

Leerink Partners, J.P. Morgan, Piper Sandler, and Cantor are acting as joint bookrunning managers.