Curis to issue warrants to buy up to 16,666,680 shares
CRIS•Curis agreed to issue 16,666,680 shares or pre-funded warrants, along with common warrants covering 16,666,680 shares, to raise approximately $8.5 million. The offering is expected to close around October 19, 2026, subject to conditions.
1. Offering terms
The combined price is $0.51 per share and accompanying common warrant, or $0.50 per pre-funded warrant and accompanying common warrant. Common warrants have a $0.60 exercise price, become exercisable six months after issuance and expire April 19, 2032. Pre-funded warrants have a $0.01 exercise price and are exercisable immediately until exercised in full.
2. Expected closing
The offering is expected to close around October 19, 2026, subject to market conditions and customary closing conditions.
