Adicet bio, inc. announces pricing of $135 million public offering of common stock and concurrent private placement

Menlo park, calif. and boston, feb. 10, 2021 (globe newswire) -- adicet bio, inc. (“adicet”) (nasdaq: acet), a biotechnology company discovering and developing allogeneic gamma delta t cell therapies for cancer and other diseases, today announced the pricing of an underwritten public offering of 9,230,770 shares of its common stock at a public offering price of $13.00 per share. adicet also granted the underwriters a 30-day option to purchase up to an additional 1,344,743 shares of common stock at the public offering price, less underwriting discounts and commissions. the gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be approximately $120.0 million, excluding any exercise of the underwriters' option to purchase additional shares. all of the shares in the offering are to be sold by adicet. the offering is expected to close on or about february 12, 2021, subject to customary closing conditions.
ACET Ratings Summary
ACET Quant Ranking