Vera Therapeutics Inc. (VERA) Prices 14.29M Share Offering at $7/sh

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Vera Therapeutics Announces Pricing of Public Offering of Class A Common Stock

February 1, 2023 9:52 PM EST

BRISBANE, Calif., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Vera Therapeutics, Inc., (NasdaqGM: VERA; Vera), a late-stage biotechnology company focused on developing and commercializing transformative treatments for patients with serious immunological diseases, today announced the pricing of its previously announced underwritten public offering of 14,285,715 shares of its Class A common stock at a price to the public of $7.00 per share. The gross proceeds to Vera from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $100.0 million.

In addition, Vera has granted the underwriters a 30-day option to purchase up to an additional 2,142,857 shares... More