Boundless Bio Announces Pricing of Initial Public Offering
28 March 2024 - 9:55AM
Business Wire
Boundless Bio, Inc. (Nasdaq: BOLD), a clinical stage oncology
company interrogating extrachromosomal DNA (ecDNA) biology to
deliver transformative therapies to patients with previously
intractable oncogene amplified cancers, today announced the pricing
of its initial public offering of 6,250,000 shares of its common
stock at an initial public offering price of $16.00 per share. All
of the shares are being offered by Boundless Bio. The gross
proceeds from the offering, before deducting underwriting discounts
and commissions and other offering expenses, are expected to be
$100.0 million. Boundless Bio’s common stock is expected to begin
trading on the Nasdaq Global Select Market on March 28, 2024 under
the ticker symbol “BOLD.” The offering is expected to close on
April 2, 2024, subject to the satisfaction of customary closing
conditions. In addition, Boundless Bio has granted the underwriters
a 30-day option to purchase up to an additional 937,500 shares of
common stock at the initial public offering price, less
underwriting discounts and commissions.
Goldman Sachs & Co. LLC, Leerink Partners, Piper Sandler and
Guggenheim Securities are acting as joint book-running managers for
the offering.
A registration statement relating to the offering has been filed
with the Securities and Exchange Commission and was declared
effective on March 27, 2024. The offering is being made only by
means of a prospectus. When available, copies of the final
prospectus may be obtained from Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, NY
10282, by telephone at (866) 471-2526, or by email at
Prospectus-ny@ny.email.gs.com; Leerink Partners LLC, Attention:
Syndicate Department, 53 State Street, 40th Floor, Boston, MA
02109, by telephone at (800) 808-7525, ext. 6105, or by email at
syndicate@leerink.com; Piper Sandler & Co., Attention:
Prospectus Department, 800 Nicollet Mall, J12S03 Minneapolis, MN
55402, by telephone at (800) 747-3924, or by email at
prospectus@psc.com; or Guggenheim Securities, LLC, Attention:
Equity Syndicate Department, 330 Madison Avenue, 8th Floor, New
York, NY 10017, by telephone at (212) 518-9544, or by email at
GSEquityProspectusDelivery@guggenheimpartners.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any offer or sale of these securities in any state or
jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such state or jurisdiction.
About Boundless Bio
Boundless Bio is a clinical-stage oncology company dedicated to
unlocking a new paradigm in cancer therapeutics to address the
significant unmet need of patients with oncogene amplified tumors
by targeting extrachromosomal DNA (ecDNA), a root cause of oncogene
amplification and observed in more than 14% of cancer patients.
Boundless Bio is developing the first ecDNA-directed therapy
(ecDTx), BBI-355, which is an oral inhibitor of checkpoint kinase 1
(CHK1) and is being evaluated in a Phase 1/2 clinical trial in
patients with oncogene amplified cancers. Boundless Bio’s second
ecDTx, BBI-825, is an oral inhibitor of ribonucleotide reductase
(RNR) and recently entered a Phase 1/2 clinical trial in cancer
patients with resistance gene amplifications. Leveraging its
Spyglass platform, Boundless Bio has additional programs advancing
through preclinical development and discovery. Boundless Bio is
headquartered in San Diego, CA.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240327704934/en/
James Lee, Boundless Bio jlee@boundlessbio.com
Media 1AB Dan Budwick dan@1abmedia.com
21Shares (EU:BOLD)
Historical Stock Chart
From Oct 2024 to Nov 2024
21Shares (EU:BOLD)
Historical Stock Chart
From Nov 2023 to Nov 2024