Jounce Therapeutics (JNCE) Prices 5M Share Common Offering at $11.25/Sh

Go back to Jounce Therapeutics (JNCE) Prices 5M Share Common Offering at $11.25/Sh

Jounce Therapeutics Announces Pricing of $56.25 Million Public Offering of Common Stock

March 9, 2021 10:17 PM EST

CAMBRIDGE, Mass., March 09, 2021 (GLOBE NEWSWIRE) -- Jounce Therapeutics, Inc. (Nasdaq: JNCE), a clinical-stage company focused on the discovery and development of novel cancer immunotherapies and predictive biomarkers, today announced that it has priced an underwritten public offering of 5,000,000 shares of common stock at a public offering price of $11.25 per share, which would result in gross proceeds of approximately $56.25 million, before underwriting discounts and commissions.

The proceeds of the offering are expected to be used to fund ongoing and planned clinical trials, including the INNATE trial of JTX-8064,... More