Immunome Announces Pricing of Upsized Public Offering of Common Stock
30 January 2025 - 3:11PM
Business Wire
Immunome, Inc. (“Immunome”) (Nasdaq: IMNM), a biotechnology
company focused on developing first-in-class and best-in-class
targeted cancer therapies, today announced the pricing of an
underwritten public offering of 19,354,839 shares of its common
stock at a price to the public of $7.75 per share. All of the
shares are to be sold by Immunome.
The gross proceeds to Immunome from the offering, before
deducting underwriting discounts and commissions and offering
expenses, are expected to be $150.0 million. In addition, Immunome
has granted the underwriters a 30-day option to purchase up to an
additional 2,903,225 shares of its common stock at the public
offering price, less underwriting discounts and commissions. The
offering is expected to close on January 31, 2025, subject to the
satisfaction of customary closing conditions.
J.P. Morgan, TD Cowen, Leerink Partners and Guggenheim
Securities are acting as joint book-running managers for the
offering. Wedbush PacGrow is acting as lead manager for the
offering.
The offering is being made pursuant to a shelf registration
statement on Form S-3 that was filed with the U.S. Securities and
Exchange Commission (the "SEC") on February 13, 2024 and
automatically became effective upon filing. A preliminary
prospectus supplement and accompanying prospectus relating to the
proposed offering were filed with the SEC and are available for
free on the SEC’s website located at http://www.sec.gov. A final
prospectus supplement and accompanying prospectus relating to the
proposed offering will be filed with the SEC and will be available
for free on the SEC’s website located at http://www.sec.gov. Copies
of the final prospectus supplement and the accompanying prospectus
relating to the offering, when available, may be obtained from:
J.P. Morgan Securities LLC, Attention: Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by
telephone at (866) 803-9204, or by email at
prospectus-eq_fi@jpmchase.com; TD Securities (USA) LLC, 1
Vanderbilt Avenue, New York, NY 10017, by telephone at (855)
495-9846 or by email at TD.ECM_Prospectus@tdsecurities.com; Leerink
Partners LLC, Syndicate Department, 53 State Street, 40th Floor,
Boston, MA 02109, or by telephone at (800) 808-7525 ext. 6105, or
by email at syndicate@leerink.com; or Guggenheim Securities, LLC
Attention: Equity Syndicate Department, 330 Madison Avenue, New
York, NY 10017 or 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, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Immunome, Inc.
Immunome is a clinical-stage targeted oncology company committed
to developing first-in-class and best-in-class targeted therapies
designed to improve outcomes for cancer patients. We are advancing
an innovative portfolio of therapeutics, drawing on leadership that
previously played key roles in the design, development, and
commercialization of cutting-edge targeted cancer therapies,
including antibody-drug conjugate therapies (ADCs). Our most
advanced pipeline programs are varegacestat (formerly AL102), a
gamma secretase inhibitor which is currently in a Phase 3 trial for
treatment of desmoid tumors, IM-1021, a ROR1 ADC with an active
IND, and IM-3050, a FAP-targeted radioligand, which is the subject
of an IND expected to be submitted in the first quarter of 2025.
Our pipeline also includes IM-1617, IM-1335, and IM-1340, all of
which are preclinical ADCs pursuing undisclosed targets with
expression in multiple solid tumors.
Forward-Looking Statements
Statements contained in this press release regarding Immunome’s
expectations regarding the offering are “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements include
statements regarding, among other things, Immunome’s expectations
of market conditions and the satisfaction of customary closing
conditions related to the public offering, and the expected closing
of the offering and the anticipated use of proceeds therefrom, and
are based upon Immunome’s current expectations and involve
assumptions that may never materialize or may prove to be
incorrect. Actual results could differ materially from those
anticipated in such forward-looking statements as a result of
various risks and uncertainties, which include, without limitation,
Immunome’s expectations regarding market conditions, the
satisfaction of customary closing conditions related to the
offering, Immunome's ability to complete the offering, and the
risks and uncertainties inherent in Immunome’s business. These and
other risks and uncertainties are described in greater detail in
the section entitled “Risk Factors” in Immunome's most recent
annual report on Form 10-K and quarterly report on Form 10-Q filed
with the SEC, as well as discussions of potential risks,
uncertainties, and other important factors in Immunome's other
filings with the SEC, including those contained or incorporated by
reference in the preliminary prospectus supplement and accompanying
prospectus related to the offering filed with the SEC. All
forward-looking statements contained in this press release speak
only as of the date on which they were made and are based on
management’s assumptions and estimates as of such date. Immunome
undertakes no obligation to update such statements to reflect
events that occur or circumstances that exist after the date on
which they were made, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20250129234101/en/
Investor Contact: Max Rosett Chief Financial Officer
mrosett@immunome.com
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