Rhythm Pharmaceuticals Announces $150 Million Public Offering of Common Stock

Reuters
10 Jul
Rhythm Pharmaceuticals Announces $150 Million Public Offering of Common Stock

Rhythm Pharmaceuticals, Inc. has announced a public offering of $150 million in common stock. All securities in this offering will be offered by Rhythm, and the company plans to grant underwriters a 30-day option to purchase an additional $22.5 million in shares. The offering is being conducted under a shelf registration statement on Form S-3, which became effective in March 2023. The offering's final terms, including size and conditions, will be disclosed in a prospectus supplement filed with the SEC. Morgan Stanley, BofA Securities, Stifel, and Wells Fargo Securities are serving as joint book-running managers, while Canaccord Genuity and Citizens Capital Markets are acting as lead managers. Completion of the offering is subject to market conditions and other customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rhythm Pharmaceuticals Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9491915-en) on July 09, 2025, and is solely responsible for the information contained therein.

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