Rapport Therapeutics prices $150 million convertible senior notes offering
Bitget2026/10/28 10:03- Rapport Therapeutics priced $150 million of 2.25% convertible senior notes due December 1, 2032.
- Underwriters have a 30-day option to purchase another $22.5 million of notes to cover over-allotments.
- Closing is expected around October 30, 2026, with net proceeds of approximately $145 million excluding the option.
- The initial conversion price is approximately $26.775 per share, a 27.5% premium to the concurrent stock offering price.
- Proceeds will primarily support RAP-219 clinical trials, other research and development, working capital and general corporate purposes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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