Immatics Announces Pricing of $175 Million Public Offering
18 January 2024 - 12:30PM
Immatics Announces Pricing of $175 Million Public Offering
Houston, Texas and
Tuebingen, Germany, January 17, 2024 – Immatics N.V.
(NASDAQ: IMTX, “Immatics”), a clinical-stage biopharmaceutical
company active in the discovery and development of T
cell-redirecting cancer immunotherapies, announced today the
pricing of an underwritten public offering of 15,925,000 ordinary
shares at a public offering price of $11.00 per share. The gross
proceeds from the offering, before deducting the underwriting
discount and offering expenses, are expected to be approximately
$175 million. The offering is expected to close on January 22,
2024, subject to customary closing conditions. In addition,
Immatics has granted the underwriters a 30-day option to purchase
up to 2,388,750 additional shares at the public offering price,
less the underwriting discount.
Jefferies, BofA Securities and Leerink Partners
are acting as joint book-running managers for the offering.
A registration statement relating to the
securities has been filed with the U.S. Securities and Exchange
Commission (the “SEC”) and was declared effective on August 9,
2021. The offering is being made only by means of a prospectus
supplement and accompanying prospectus. When available, copies of
the final prospectus supplement and the accompanying prospectus
relating to the offering may be obtained free of charge from
- Jefferies LLC, Attention: Equity
Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New
York, NY 10022, telephone: (877) 821-7388, email:
Prospectus_Department@Jefferies.com;
- BofA Securities, Attention:
Prospectus Department, NC1-022-02-25, 201 North Tryon Street,
Charlotte, NC 28255-0001, telephone: (800) 294-1322, email:
dg.prospectus_requests@bofa.com;
- Leerink Partners LLC, Attention:
Syndicate Department, 53 State Street, 40th Floor, Boston, MA
02109, telephone: (800) 808-7525, ext. 6105, email:
syndicate@leerink.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 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. Any offers,
solicitations or offers to buy, or any sales of securities will be
made in accordance with the registration requirements of the
Securities Act of 1933, as amended.
- END -
About ImmaticsImmatics combines
the discovery of true targets for cancer immunotherapies with the
development of the right T cell receptors with the goal of enabling
a robust and specific T cell response against these targets. This
deep know-how is the foundation for our pipeline of Adoptive Cell
Therapies and TCR Bispecifics as well as our partnerships with
global leaders in the pharmaceutical industry. We are committed to
delivering the power of T cells and to unlocking new avenues for
patients in their fight against cancer.
Forward-Looking
StatementsCertain statements in this press release may be
considered forward-looking statements, including statements
regarding the securities offering. Such forward-looking statements
are subject to risks, uncertainties, and other factors which could
cause actual results to differ materially from those expressed or
implied by such forward-looking statements. These forward-looking
statements are based upon estimates and assumptions that, while
considered reasonable by Immatics and its management, are
inherently uncertain. New risks and uncertainties may emerge from
time to time, and it is not possible to predict all risks and
uncertainties. Factors that may cause actual results to differ
materially from current expectations include, but are not limited
to, various factors beyond management's control including general
economic conditions and other risks, uncertainties and factors set
forth in filings with the SEC. Nothing in this press release should
be regarded as a representation by any person that the
forward-looking statements set forth herein will be achieved or
that any of the contemplated results of such forward-looking
statements will be achieved. You should not place undue reliance on
forward-looking statements, which speak only as of the date they
are made. Immatics undertakes no duty to update these
forward-looking statements.
For more information, please
contact:
Media |
Trophic Communications |
|
Phone: +49 171 3512733 |
|
immatics@trophic.eu |
|
Investor Relations |
|
Sabrina Schecher, Ph.D. |
|
Senior Director, Investor Relations |
|
Phone: +49 89 262002433 |
|
InvestorRelations@immatics.com |
|
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