Disc Medicine Prices $450 Million Offering at $75 a Share

Disc Medicine, Inc. priced a public offering of 6 million common shares at $75 each for $450 million in gross proceeds, expanding a financing plan it proposed the previous day. The Oct. 20 pricing sets the offering above Disc’s Oct. 19 proposal for $350 million in common stock and pre-funded warrants. Underwriters can buy up to 900,000 additional common shares within 30 days at the offering price, less underwriting discounts and commissions. The $450 million estimate assumes the option is not exercised and excludes underwriting discounts, commissions and other expenses.

Source: TokenPost