Key Takeaways

A notable trend emerged as KYMR, GPCR, and DNLI each filed for both a traditional follow-on offering and an ATM equity line on the same day.
While GPCR had the largest single deal, Kymera (KYMR) was the day's top fundraiser, securing a combined $902.0 million across its two filings.

Dilution Events

$KYMR (Market Cap: $6.47B)

KYMR executed a 2-component financing totaling $902.0 million:

Public Offering: Raised $602.0 million via the sale of 7 million shares at a price of $86.00 per share. View SEC Filing →
ATM Program: Notes existing $300M At-The-Market (ATM) program for future sales. View SEC Filing →

↳ Total Capital Raised: ~$902.0 million.

$GPCR (Market Cap: $4.18B)

GPCR executed a 2-component financing totaling $841.5 million:

Public Offering: Raised $650.0 million via the sale of 10 million shares at a price of $65.00 per share. View SEC Filing →
ATM Program: Notes ~$191.5M remaining on existing At-The-Market (ATM) program. View SEC Filing →

↳ Total Capital Raised: ~$841.5 million.

$DNLI (Market Cap: $2.58B)

DNLI executed a 2-component financing totaling $600.0 million:

Public Offering: Raised $200.0 million via the sale of 11.43 million shares at a price of $17.50 per share. View SEC Filing →
ATM Program: Notes existing $400M At-The-Market (ATM) program for future sales. View SEC Filing →

↳ Total Capital Raised: ~$600.0 million.

$DYN (Market Cap: $2.81B)

Public Offering: Raised $350.0 million via the sale of 18.98 million shares at a price of $18.44 per share. View SEC Filing →

$VERA (Market Cap: $2.83B)

Public Offering: Raised $260.9 million via the sale of 6.14 million shares at a price of $42.50 per share. View SEC Filing →

$CCCC (Market Cap: $250M)

CCCC executed a 2-component financing totaling $242.0 million:

Public Offering: Raised $117.0 million via the sale of 50.6 million shares at a price of $2.47 per share, with 200% warrant coverage. View SEC Filing →
ATM Program: Files for $125M At-The-Market (ATM) offering program. View SEC Filing →

↳ Total Capital Raised: ~$242.0 million.

$TBH (Market Cap: $13M)

TBH executed a 2-component financing totaling $111.0 million:

ATM Program: Enters $100M Equity Line of Credit (ELOC) at 3% discount to VWAP. View SEC Filing →
Convertible Note: Enters $11M toxic conv. debt deal; conversion at 95% of 5-day low VWAP. View SEC Filing →

↳ Total Capital Raised: ~$111.0 million.

$BORR (Market Cap: $1.32B)

Public Offering: Raised $84.0 million via the sale of 21 million shares at a price of $4.00 per share. View SEC Filing →

$INKT (Market Cap: $60M)

INKT executed a 2-component financing totaling $50.0 million:

Shelf Registration: Filed shelf registration for future capital raises. View SEC Filing →
ATM Program: Files for $50M At-The-Market (ATM) program, limited by low public float. View SEC Filing →

↳ Total Capital Raised: ~$50.0 million.

$PRLD (Market Cap: $104M)

PIPE: Closed $25.0 million PIPE of 6.25 million shares at $4.00 per share. View SEC Filing →

$CTOR (Market Cap: $94M)

CTOR executed a 2-component financing totaling $18.0 million:

PIPE: Closed $18.0 million PIPE of 16.51 million shares at $1.09 per share, with 100% warrant coverage. View SEC Filing →
Warrant Exercise: Repriced 12.0M existing warrants down to $1.09 exercise price. View SEC Filing →

↳ Total Capital Raised: ~$18.0 million.

$HURA (Market Cap: $53M)

Public Offering: Raised $15.6 million via the sale of 9.46 million shares at a price of $1.65 per share, with 200% warrant coverage. View SEC Filing →

$MODD (Market Cap: $20M)

Public Offering: Raised $4.7 million via the sale of 12.17 million shares at a price of $0.39 per share, with 50% warrant coverage. View SEC Filing →

$VIVK (Market Cap: $11M)

VIVK executed a 2-component financing totaling $166 thousand:

Convertible Note: Issued 0.96M shares to convert $45.7k of notes. View SEC Filing →
Convertible Note: Issued 2.76M shares to convert $119.8k of notes. View SEC Filing →

↳ Total Capital Raised: ~$166 thousand.

$SLE (Market Cap: $10M)

SLE executed a 2-component financing totaling $124 thousand:

Resale Registration: Registers for resale $20M PIPE of 20M share-equivalents @ $1.00 w/ 100% warrants @ $1.00. View SEC Filing →
Convertible Note: Notes existing toxic convertible debt with floating conversion at 75% of 10-day low price. View SEC Filing →

↳ Total Capital Raised: ~$124 thousand.

$CRCW (Market Cap: N/A)

CRCW executed a 2-component financing totaling $0 thousand:

Convertible Note: Issued 271.1M shares to convert debt, then re-issued new notes for the same principal amount | MC: N/A. View SEC Filing →
Convertible Note: Issued 477.0M shares to convert debt & issued new pre-funded warrants for 713.9M shares @ $0.0001 | MC: N/A. View SEC Filing →

$MNTS (Market Cap: $22M)

Warrant Exercise: Issued warrants for 240k shares @ $0.79 tied to debt amendment. View SEC Filing →