Nektar Therapeutics Announces Closing of $115 Million Public Offering Including Full Exercise of Underwriters' Option to Purchase Additional Shares
Nektar Therapeutics (NASDAQ:NKTR), a clinical-stage biotech company, has successfully closed its public offering of common stock, raising $115 million in gross proceeds. The company sold 4,893,618 shares at $23.50 per share, including 638,298 additional shares from the full exercise of the underwriters' option.
The offering was managed by Jefferies and Piper Sandler as joint bookrunning managers, with BTIG and H.C. Wainwright & Co. also participating. The proceeds will support general corporate purposes, including research and development, clinical development, and manufacturing costs for advancing drug candidates.
Nektar Therapeutics (NASDAQ:NKTR), una società biotecnologica in fase clinica, ha completato con successo la sua offerta pubblica di azioni ordinarie, raccogliendo 115 milioni di dollari di proventi lordi. La società ha venduto 4.893.618 azioni a 23,50 dollari per azione, inclusi 638.298 azioni aggiuntive derivanti dall'esercizio integrale dell'opzione degli underwriter.
L'offerta è stata gestita da Jefferies e Piper Sandler come joint bookrunning managers, con la partecipazione di BTIG e H.C. Wainwright & Co. I proventi saranno utilizzati per scopi aziendali generali, tra cui ricerca e sviluppo, sviluppo clinico e costi di produzione per far avanzare i candidati farmaci.
Nektar Therapeutics (NASDAQ:NKTR), una compañÃa biotecnológica en etapa clÃnica, ha cerrado con éxito su oferta pública de acciones ordinarias, recaudando 115 millones de dólares en ingresos brutos. La compañÃa vendió 4,893,618 acciones a 23,50 dólares por acción, incluyendo 638,298 acciones adicionales derivadas del ejercicio total de la opción de los suscriptores.
La oferta fue gestionada por Jefferies y Piper Sandler como gestores conjuntos principales, con la participación de BTIG y H.C. Wainwright & Co. Los ingresos se destinarán a fines corporativos generales, incluyendo investigación y desarrollo, desarrollo clÃnico y costos de fabricación para avanzar en los candidatos a medicamentos.
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Nektar Therapeutics (NASDAQ:NKTR), une société biotechnologique en phase clinique, a clôturé avec succès son offre publique d'actions ordinaires, levant 115 millions de dollars de produits bruts. La société a vendu 4 893 618 actions au prix de 23,50 dollars par action, incluant 638 298 actions supplémentaires issues de l'exercice complet de l'option des souscripteurs.
L'offre a été gérée par Jefferies et Piper Sandler en tant que chefs de file conjoints, avec la participation de BTIG et H.C. Wainwright & Co. Les fonds serviront à des fins générales de l'entreprise, notamment la recherche et développement, le développement clinique et les coûts de fabrication pour faire progresser les candidats-médicaments.
Nektar Therapeutics (NASDAQ:NKTR), ein biopharmazeutisches Unternehmen in der klinischen Phase, hat seine öffentliche Aktienemission erfolgreich abgeschlossen und 115 Millionen US-Dollar Bruttoerlös erzielt. Das Unternehmen verkaufte 4.893.618 Aktien zu einem Preis von 23,50 US-Dollar pro Aktie, einschließlich 638.298 zusätzlicher Aktien aus der vollständigen Ausübung der Überzeichneroption.
Die Emission wurde von Jefferies und Piper Sandler als gemeinsame Bookrunner geleitet, wobei auch BTIG und H.C. Wainwright & Co. beteiligt waren. Die Erlöse werden für allgemeine Unternehmenszwecke verwendet, darunter Forschung und Entwicklung, klinische Entwicklung sowie Herstellungskosten zur Förderung von Wirkstoffkandidaten.
- Successfully raised $115 million in gross proceeds through public offering
- Full exercise of underwriters' option to purchase additional shares indicates strong demand
- Strengthened cash position to support R&D and clinical development programs
- Potential dilution for existing shareholders due to issuance of 4.89 million new shares
- Additional offering expenses and underwriting discounts will reduce net proceeds
Insights
Nektar Therapeutics successfully raised $115M through stock offering at $23.50/share, bolstering its financial position for clinical development programs.
Nektar Therapeutics has successfully completed a
The successful completion with full exercise of the underwriters' option indicates strong institutional interest in Nektar's immunotherapy pipeline. With approximately 4.9 million new shares entering the market, this represents moderate dilution that's offset by the substantial cash infusion.
The company explicitly stated that proceeds will fund research and development, clinical development, and manufacturing activities to advance its drug candidates. This financing strengthens Nektar's balance sheet and extends its operational runway, providing critical capital for advancing its immunotherapy pipeline through key clinical milestones without immediate financing pressure.
The participation of established underwriters including Jefferies and Piper Sandler lends credibility to this offering. While specific pricing relative to market wasn't disclosed, the successful completion suggests the
For clinical-stage biotechs like Nektar, access to capital is essential as they typically generate minimal revenue while facing substantial R&D expenses. This capital infusion provides Nektar with greater financial flexibility to advance its immunotherapy candidates through critical development stages that could potentially enhance long-term value.
Nektar intends to use the net proceeds from the offering for general corporate purposes, which may include research and development, clinical development and manufacturing costs to support the advancement of its drug candidates, as well as other general corporate purposes.
Jefferies and Piper Sandler acted as joint bookrunning managers for the offering. BTIG, LLC also acted as bookrunner for the offering. H.C. Wainwright & Co. acted as lead manager for the offering.
The securities described above were offered pursuant to a shelf registration statement on Form S-3 (No. 333-286222) that was filed with the
A final prospectus supplement related to and describing the terms of the offering was filed with the SEC and is available on the SEC's website located at . Copies of the final prospectus supplement and an accompanying prospectus related to the offering may also be obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue,
This press release shall not constitute an offer to sell or a 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 registration or qualification under the securities laws of that state or jurisdiction.
About Nektar Therapeutics
Nektar Therapeutics is a clinical-stage biotechnology company focused on developing treatments that address the underlying immunological dysfunction in autoimmune and chronic inflammatory diseases. Nektar's lead product candidate, rezpegaldesleukin (REZPEG, or NKTR-358), is a novel, first-in-class regulatory T cell stimulator being evaluated in two Phase 2b clinical trials, one in atopic dermatitis and one in alopecia areata. Nektar's pipeline also includes a preclinical bivalent tumor necrosis factor receptor type II (TNFR2) antibody and bispecific programs, NKTR-0165 and NKTR-0166, and a modified hematopoietic colony stimulating factor (CSF) protein, NKTR-422. Nektar, together with various partners, is also evaluating NKTR-255, an investigational IL-15 receptor agonist designed to boost the immune system's natural ability to fight cancer, in several ongoing clinical trials. Nektar is headquartered in
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as: "will," "expect," "develop," "potential," "plan," and similar references to future periods. Examples of forward-looking statements include, among others, statements regarding the anticipated use of proceeds from the offering. Nektar intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on Nektar's current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the control of Nektar. The actual results may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the actual results to differ materially from those indicated in the forward-looking statements include, among others, the risks and uncertainties set forth in Nektar's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 9, 2025 as well as the risks identified in the registration statement and the final prospectus supplement relating to the offering. Any forward-looking statement made by Nektar in this press release is based only on information currently available to Nektar and speaks only as of the date on which it is made. Nektar undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
For Investors:
Corey Davis, Ph.D.
LifeSci Advisors
212-915-2577
[email protected]
For Media:
Madelin Hawtin
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603-714-2638
[email protected]
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