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Absci prices 13,495,277-share follow-on offering at $7.41 per share to raise $100 million

PUBT·06/24/2026 10:35:18
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Absci prices 13,495,277-share follow-on offering at $7.41 per share to raise $100 million
  • Absci priced an underwritten follow-on offering of 13,495,277 common shares at USD 7.41 per share.
  • Gross proceeds expected at about USD 100 million; all shares sold by the company.
  • Net proceeds earmarked to advance ABS-201 across androgenetic alopecia and endometriosis; remainder for working capital, general corporate purposes.
  • Offering led by Jefferies, J.P. Morgan, TD Cowen, Guggenheim Securities; expected to close around June 25, 2026.
  • Investors include Eli Lilly alongside Adage, BVF Partners, Columbia Threadneedle, Invus, Redmile, one large investment manager.


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. Absci Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606240635PRIMZONEFULLFEED9751822) on June 24, 2026, and is solely responsible for the information contained therein.