Spyre Therapeutics prices public offering of 14.8M shares at $18.50 to raise $275M

Published 4 weeks ago Positive
Spyre Therapeutics prices public offering of 14.8M shares at $18.50 to raise $275M
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Spyre Therapeutics (NASDAQ:SYRE [https://seekingalpha.com/symbol/SYRE]) announced the pricing [https://seekingalpha.com/pr/20263812-spyre-therapeutics-announces-pricing-of-275_0-million-public-offering-of-common-stock] of its previously [https://seekingalpha.com/news/4503705-spyre-therapeutics-announces-public-offering-of-common-stock-and-pre-funded-warrants] disclosed underwritten public offering, to offer 14,864,865 shares of common stock at a public price of $18.50 per share.

Spyre expects to raise approximately $275.0 million in gross proceeds from this offering.

Furthermore, the company has granted the underwriters a 30-day option to purchase up to an additional 2,229,729 shares of common stock at the public offering price.

The offering is anticipated to close on or about October 15, 2025.

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