Immatics Announces Pricing of $150 Million Public Offering
11 October 2024 - 11:50AM
UK Regulatory
Immatics Announces Pricing of $150 Million Public Offering
Houston, Texas
and Tuebingen, Germany, October 10, 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 its previously announced underwritten public offering of
16,250,000 ordinary shares at a public offering price of $9.25 per
share. The gross proceeds from the offering, before deducting the
underwriting discount and offering expenses, are expected to be
approximately $150 million. The offering is expected to close on
October 15, 2024, subject to customary closing conditions. In
addition, Immatics has granted the underwriters a 30-day option to
purchase up to 2,437,500 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 became effective upon filing on October
10, 2024. 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, 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 Immatics
Immatics 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 Statements
Certain 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 |
|
Immatics N.V. |
|
Jordan Silverstein |
|
Head of Strategy |
|
Phone: +1 346 319-3325 |
|
InvestorRelations@immatics.com |
|
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