Merus N.V. (MRUS) Prices 4.85M Share Common Offering at $24.75/Sh

Merus N.V. (NASDAQ: MRUS) today announced the pricing of an underwritten public offering of 4,848,485 common shares at a public offering price of $24.75 per share. The gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $120 million. In addition, Merus granted the underwriters a 30-day option to purchase up to an additional 727,272 common shares at the public offering price, less the underwriting discounts and commissions. All of the shares in the offering are to be sold by Merus.

The offering is expected to close on or about January 25, 2021, subject to customary closing conditions.

Merus intends to use the net proceeds from the offering to advance the clinical development of its product candidates, for preclinical research and technology development, and for working capital and general corporate purposes.

Jefferies LLC and SVB Leerink LLC are acting as joint book-running managers for the offering. Kempen & Co is acting as lead manager for the offering. H.C. Wainwright & Co. and Roth Capital Partners are acting as co-managers for the offering.

You May Also Be Interested In

• Niagen Bioscience files to sell up to $50M in common stock
• Columbus Circle Capital Corp. III closes $230M IPO on Nasdaq
• Enova adds Maria Veltre to board as two directors retire