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0 0.00114547537227947 -0.00229095074455894 -0.00114547537227947 0.0103092783505154 0.0148911798396335 0.018327605956472 0.00229095074455894
Stock impact report

ADC Therapeutics Announces $60 Million Private Placement [Yahoo! Finance]

ADC Therapeutics SA Common Shares (ADCT) 
Company Research Source: Yahoo! Finance
the field of antibody drug conjugates (ADCs), today announced that it has entered into securities purchase agreements for the sale of its equity securities to certain institutional investors in a $60.0 million private investment in public equity ("PIPE") financing. In the PIPE, ADC Therapeutics is selling 11.3 million common shares at $4.00 per share and pre-funded warrants to purchase 3.8 million common shares at $3.90 per pre-funded warrant, which is the price per common share in the PIPE minus the exercise price of CHF 0.08 per pre-funded warrant. ADC Therapeutics logo (PRNewsfoto/ADC Therapeutics SA) The PIPE is led by TCGX and includes participation from Redmile Group and other existing investors. Gross proceeds from the PIPE financing are anticipated to be approximately $60.0 million before deducting placement agent fees and offering expenses. The PIPE is expected to close on October 27, 2025, subject to customary closing conditions. ADC Therapeutics intends to use the net Show less Read more
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