Humacyte (HUMA) Announces Pricing of $15.0 Million Registered Direct Offering

Humacyte, Inc. (Nasdaq: HUMA), a clinical-stage biotechnology platform company developing universally implantable, bioengineered human tissue at commercial scale, today announced that it entered into a securities purchase agreement with an institutional investor to purchase approximately $15.0 million worth of its common stock and warrants to purchase common stock in a registered direct offering.

Under the terms of the securities purchase agreement, the Company has agreed to sell 2,808,988 shares of its common stock and warrants to purchase up to 2,808,988 shares of common stock. 1,404,494 warrants will be exercisable immediately, have an exercise price of $5.34 per share, and will expire 180 days from the date of issuance. The additional 1,404,494 warrants will be exercisable immediately, have an exercise price of $5.34 per share, and will expire four and one-half years from the date of issuance. The purchase price for one share of common stock and one warrant will be $5.34.

The gross proceeds to the Company from the registered direct offering are estimated to be approximately $15.0 million before deducting offering expenses. The offering is expected to close on or about November 15, 2024, subject to the satisfaction of customary closing conditions.

The proposed offering of the common stock and warrants described above is being offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-267225) filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC on September 9, 2022, and the accompanying prospectus contained therein.

The offering is being made only by means of a prospectus supplement and accompanying prospectus. A prospectus supplement describing the terms of the public offering will be filed with the SEC and will form a part of the effective registration statement.

Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained, when available, on the SEC’s website at http://www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

You May Also Be Interested In

• enVVeno Medical (NVNO) files $100M mixed shelf
• Aveanna selling stockholders launch 15M share secondary offering
• Singularity Future Technology closes $5M registered direct offering