RAPT Therapeutics (RAPT) Announces Proposed $75M Stock Offering

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RAPT Therapeutics Announces Proposed Public Offering of Common Stock

November 17, 2022 4:24 PM EST

SOUTH SAN FRANCISCO, Calif., Nov. 17, 2022 (GLOBE NEWSWIRE) -- RAPT Therapeutics, Inc. (Nasdaq: RAPT) (RAPT or the Company), a clinical-stage, immunology-based biopharmaceutical company focused on discovering, developing and commercializing oral small molecule therapies for patients with significant unmet needs in inflammatory diseases and oncology, today announced that it has commenced an underwritten public offering of $75 million of its common stock. In addition, RAPT expects to grant the underwriters a 30-day option to purchase up to an additional $11.25 million of its common stock on the same terms and conditions. All of the shares of... More