Acumen pharmaceuticals announces pricing of upsized initial public offering

Charlottesville, va., june 30, 2021 (globe newswire) -- acumen pharmaceuticals, inc. (“acumen” or “acumen pharmaceuticals”) (nasdaq: abos), a clinical-stage biopharmaceutical company developing a novel disease-modifying approach to target what acumen believes to be a key underlying cause of alzheimer's disease, today announced the pricing of its upsized initial public offering of 9,999,999 shares of common stock at a public offering price of $16.00 per share. the gross proceeds to acumen, before deducting underwriting discounts and commissions and offering expenses, are expected to be approximately $160 million. all of the shares of common stock are being offered by acumen. in addition, acumen has granted the underwriters a 30-day option to purchase up to an additional 1,499,999 shares of common stock at the initial public offering price, less the underwriting discounts and commissions.
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