Verastem Oncology Announces Pricing of Registered Direct Offering of $150 Million of Convertible Notes
Verastem, Inc. (VSTM)
Last verastem, inc. earnings: 10/29 04:17 pm
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Source: Business Wire
BOSTON--(BUSINESS WIRE)-- Verastem, Inc., (Nasdaq: VSTM) (Verastem Oncology or the Company), focused on developing and commercializing medicines to improve the survival and quality of life of cancer patients, today announced the pricing of an offering of 5.00% Convertible Senior Notes due 2048 (the Convertible Notes) through a registered direct offering. The aggregate principal amount of Convertible Notes to be sold in the offering is $150 million. The Convertible Notes will be unsecured, will bear interest at a rate of 5.00% per annum, paid semi-annually in arrears, and will mature on November 1, 2048, unless earlier converted, redeemed or repurchased in accordance with their terms prior to such date. The net proceeds to Verastem Oncology from the offering of the Convertible Notes are expected to be approximately $145.4 million, after transaction fees and expenses. The net proceeds will be used by Verastem
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VSTM
Earnings
- 3/14/24 - Miss
VSTM
Sec Filings
- 4/12/24 - Form DEF
- 4/9/24 - Form 8-K
- 4/8/24 - Form 4
- VSTM's page on the SEC website