Prime Medicine Inc. Closes $144.2 Million Public Offering of Common Stock, Including Full Exercise of Underwriters' Option
Prime Medicine Inc., a biotechnology company focusing on innovative genetic therapies, has announced the successful closing of its public offering, raising approximately $144.2 million. The offering consisted of 43,700,000 shares of common stock, including the full exercise of the underwriters' option to purchase an additional 5,700,000 shares, priced at $3.30 per share. Notably, the Cystic Fibrosis Foundation purchased 1,818,181 shares without any discounts or commissions. The offering was managed by TD Cowen and BMO Capital Markets as joint book-running managers. The proceeds are expected to support Prime Medicine's continued development of curative genetic therapies.
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. Prime Medicine Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9504866-en) on August 01, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.