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0 -0.00197152245345024 -0.00065717415115008 -0.00065717415115008 0.000328587075574884 0.0186199342825848 0.0186199342825848 0.0186199342825848
Stock impact report

Kymera (KYMR) to Raise $225 Million Through Offering of Shares [Yahoo! Finance]

Kymera Therapeutics, Inc. (KYMR) 
Company Research Source: Yahoo! Finance
The company is selling approximately 2 million shares of common stock at a public offering price of $40.75 per share. In addition, it is selling pre-funded warrants to purchase 3.5 million shares in the offering in lieu of common stock to certain investors. The pre-funded warrants are being sold at a public offering price of $40.7499 per pre-funded warrant. This offering price represents the per share public offering price of each share of common stock minus the exercise price of $0.0001 per share for each pre-funded warrant. The gross proceeds from the offering are expected to be approximately $225 million, which will be used by Kymera to advance its pipeline of preclinical and clinical degrader programs. It will also be utilized for working capital and other general corporate purposes. Kymera may also use a portion of the net proceeds to in-license, acquire or invest in complementary businesses or technologies to continue to build its pipeline, research and development capabili Show less Read more
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