NuCana (NCNA) Prices 15.56M ADS Offering at $4.50/ADS

NuCana plc (NCNA) announced the pricing of an underwritten public offering of 15,555,556 American Depositary Shares (“ADSs”) at a price to the public of $4.50 per ADS, for total gross proceeds of approximately $70.0 million, before deducting underwriting discounts and commissions and estimated offering expenses. Each ADS represents one ordinary share of NuCana. In addition, NuCana has granted the underwriters a 30-day option to purchase up to 2,333,333 additional ADSs at the public offering price, less underwriting discounts and commissions. All of the ADSs in the offering will be sold by NuCana. The offering is expected to close on or about September 21, 2020, subject to the satisfaction of customary closing conditions.

Jefferies, Cowen, William Blair, and Truist Securities are acting as joint book-running managers for the offering.

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