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0 0 0.00861905663951516 0.00340973669255554 0.00170486834627777 -0.00568289448759229 0.00340973669255554 0.00928206099640087
Stock impact report

Morphic Therapeutic Announces Closing of Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Morphic Holding, Inc. (MORF) 
Last morphic holding, inc. earnings: 11/12 04:24 pm Check Earnings Report
Company Research Source: GlobeNewswire
WALTHAM, Mass., May 05, 2023 (GLOBE NEWSWIRE) -- Morphic Holding, Inc. (“Morphic”), a biopharmaceutical company developing a portfolio of oral integrin therapies for the treatment of serious chronic diseases, today announced the closing of an underwritten public offering of 6,133,334 shares of its common stock at a price to the public of $45.00 per share, which includes 800,000 shares sold upon full exercise of the underwriters’ option to purchase additional shares of common stock. Morphic received gross proceeds of approximately $276.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses. Jefferies, TD Cowen, BMO Capital Markets, RBC Capital Markets and Wells Fargo Securities acted as joint book-runners for the offering. The shares are being offered by Morphic pursuant to a registration statement on Form S-3ASR previously filed with the Securities and Exchange Commission (the “SEC”), which became automatically effective upon filin Show less Read more
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