Immuneering Announces Pricing of Upsized Initial Public Offering
July 29 2021 - 10:47PM
Immuneering Corporation (Nasdaq: IMRX), a biopharmaceutical company
advancing a robust pipeline of oncology and neuroscience product
candidates that are designed to uniquely disrupt cellular signaling
dynamics, today announced the pricing of its upsized initial public
offering of 7,500,000 shares of Class A common stock at a public
offering price of $15.00 per share, for total gross proceeds of
$112.5 million, before deducting underwriting discounts and
commissions and estimated offering expenses payable by Immuneering.
All of the Class A common stock is being offered by Immuneering.
The offering is expected to close on August 3, 2021, subject to
customary closing conditions. In addition, Immuneering has granted
the underwriters a 30-day option to purchase up to an additional
1,125,000 shares of its Class A common stock at the initial public
offering price less the underwriting discounts and commissions.
Immuneering’s Class A common stock is expected to begin trading
on the Nasdaq Global Market on July 30, 2021, under the ticker
symbol “IMRX.”
Morgan Stanley, Jefferies, Cowen and Guggenheim Securities are
acting as joint book-running managers.
A registration statement relating to the securities being sold
in the offering has been declared effective by the U.S. Securities
and Exchange Commission on July 29, 2021. This offering is being
made only by means of a prospectus. Copies of the final prospectus
relating to this offering may be obtained, when available, by
contacting: Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by
email at prospectus@morganstanley.com; Jefferies LLC, Attention:
Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd
Floor, New York, NY 10022, by telephone at (877) 821-7388 or by
e-mail at prospectus_department@jefferies.com; or Cowen and
Company, LLC, c/o Broadridge Financial Services, 1155 Long Island
Avenue, Edgewood, NY 11717, Attention: Prospectus Department, or by
telephone at 833-297-2926.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of, these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of such
state or jurisdiction.
About Immuneering
Corporation
Immuneering is a biopharmaceutical company with
an emerging pipeline focused on improving patient outcomes across a
spectrum of debilitating oncologic and neurologic diseases by
applying its deep knowledge of translational bioinformatics to
every stage of the drug development process. Immuneering has more
than a decade of experience in translational bioinformatics and
generating insights into drug mechanisms of action and patient
treatment responses. Building on this experience, Immuneering has
developed a disease-agnostic platform that enables the company to
utilize human data, novel biology and chemistry, and translational
planning to create and advance its wholly owned pipeline.
Immuneering’s current development programs in oncology are focused
on providing potential treatments for patients with solid tumors
caused by mutations of oncologic signaling pathways, including the
MAPK pathway. Immuneering’s lead product candidate, IMM-1-104, is
designed to be a highly selective dual-MEK inhibitor that further
disrupts KSR for the treatment of advanced solid tumors in patients
harboring RAS mutant tumors. Additionally, Immuneering has six
other oncology programs in the discovery stage that are designed to
target either the MAPK or mTOR pathway, and two neuroscience
programs in the discovery
stage.
Forward-Looking Statements
This press release includes certain disclosures
that contain "forward-looking statements," including, without
limitation, statements regarding Immuneering’s expectations
regarding the commencement of trading of its shares on the Nasdaq
Global Market, the completion and timing of the closing of offering
and the anticipated use of net proceeds from the offering.
Forward-looking statements are based on Immuneering’s current
expectations and are subject to inherent uncertainties, risks and
assumptions that are difficult to predict. Factors that could cause
actual results to differ include, but are not limited to, risks and
uncertainties related to the satisfaction of customary closing
conditions and the completion of the offering, and the risks
inherent in oncology and neuroscience drug development, including
target discovery, target validation, lead compound identification,
lead compound optimization, preclinical studies and clinical
trials. These and other risks and uncertainties are described more
fully in the section titled "Risk Factors" in the final prospectus
related to the offering to be filed with the U.S. Securities and
Exchange Commission. Forward-looking statements contained in this
announcement are made as of this date, and Immuneering undertakes
no duty to update such information except as required under
applicable law.
Corporate Contact:Rebecca Kusko,
Ph.D.Immuneering Corporation617-500-8080rkusko@immuneering.com
Investor Contact:Anne Marie FieldsManaging
DirectorRx Communications afields@rxir.com
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