Cabaletta Bio (CABA) Prices 7.25M Share Offering at $12/sh

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Go back to Cabaletta Bio (CABA) Prices 7.25M Share Offering at $12/sh

Cabaletta Bio Announces Pricing of Public Offering of Common Stock

May 17, 2023 10:16 PM EDT

PHILADELPHIA, May 17, 2023 (GLOBE NEWSWIRE) -- Cabaletta Bio, Inc. (Cabaletta or the Company) (Nasdaq: CABA), a clinical-stage biotechnology company focused on developing and launching the first curative targeted cell therapies for patients with autoimmune diseases, today announced the pricing of an underwritten public offering of 7,250,000 shares of its common stock at a public offering price of $12.00 per share. Cabaletta also granted the underwriters a 30-day option to purchase up to an additional 1,087,500 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting... More