Upsized stock offering to fund pipeline development
Erasca mapped out expanded funding plans by raising about $550 million gross in an upsized common stock offering priced at $17.5 a share.
Net proceeds will fund R&D for its product candidates, support other development programs, bolster working capital, and fund general corporate purposes.
The deal targets a July 15, 2026 close; underwriters hold a 30-day option for 4,714,285 additional shares.
ERAS•
