Erasca prices upsized $550M common stock offering, expects ~$516M net proceeds

Erasca priced an upsized offering of 31,428,572 shares at $17.50, targeting roughly $516.0 million in net proceeds.

Key Highlights:

• Underwriting agreement: 31,428,572 shares priced at $17.50 per share; underwriters buy at $16.45 per share.
• Overallotment: 30-day option to purchase up to 4,714,285 additional shares at the public offering price.
• Proceeds: Expected net proceeds of ~ $516.0 million; ~ $593.5 million if option exercised in full.
• Timing and registration: Offering expected to close July 15, 2026, under Form S-3 shelf registration (No. 333-297427).
• Use of proceeds: To fund R&D, development programs, working capital and general corporate purposes.

Original SEC Filing:

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