Neoleukin Therapeutics, Inc. (“Neoleukin”) (NASDAQ: NLTX), a biopharmaceutical company utilizing sophisticated computational methods to design de novo protein therapeutics, today announced the pricing of an underwritten public offering of 8,925,000 shares of its common stock at a price to the public of $8.40 per share. The aggregate gross proceeds from this offering are expected to be approximately $75.0 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Neoleukin. The offering is expected to close on or about December 20, 2019, subject to customary closing conditions. Neoleukin has also granted the underwriters a 30-day option to purchase up to an additional 1,338,750 shares of common stock in connection with the public offering. All of the shares are being offered by Neoleukin.

BofA Securities, Piper Jaffray and Guggenheim Securities are acting as joint book-running managers for the offering. Canaccord Genuity is acting as lead manager for the offering. Neoleukin intends to use the net proceeds from the offering, together with its existing cash resources, to advance development of its lead program, NL-201, to expand its de novo protein design technology, to develop its preclinical pipeline and to fund working capital and for general corporate purposes, including capital improvements to properties it leases.