4D Molecular Therapeutics Inc. (FDMT) Announces Proposed $100M Share Offering

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4D Molecular Therapeutics Announces Proposed Public Offering of Common Stock

May 4, 2023 4:09 PM EDT

EMERYVILLE, Calif., May 04, 2023 (GLOBE NEWSWIRE) -- 4D Molecular Therapeutics, Inc. (Nasdaq: FDMT), a clinical-stage biotherapeutics company harnessing the power of directed evolution for genetic medicines targeting large market diseases, announced today that it has commenced an underwritten public offering of $100.0 million of shares of its common stock. 4D Molecular Therapeutics also intends to grant the underwriters a 30-day option to purchase up to an additional $15.0 million of shares of common stock offered in the proposed offering. All of the shares in the proposed offering are to be sold by 4D Molecular... More