Enliven Therapeutics priced its upsized public offering at $37.50 a share, setting the size at 8,933,334 common shares and 1,733,333 pre-funded warrants.
The company expects gross proceeds of about $400.0 million before underwriting discounts, commissions and other expenses. The pre-funded warrants were priced at $37.499 each, just $0.001 below the common stock offering price.
Enliven also gave underwriters a 30-day option to buy up to 1,600,000 additional shares at the public offering price, less underwriting discounts and commissions.
The deal was announced June 11, 2026 and is expected to close on or about June 15, 2026. All of the shares and warrants are being sold by Enliven. The market has reacted to these announcements by moving the company's shares 14.3% to a price of $46.13. Check out the company's full 8-K submission here.
