OmniAb to raise $30M in private stock placement

OmniAb (NASDAQ:OABI [https://seekingalpha.com/symbol/OABI]) has entered into a definitive agreement for a private placement [https://seekingalpha.com/pr/20209816-omniab-announces-30-million-private-placement] of its common stock to raise approximately $30 million in gross proceeds. The company will issue and sell a total of 21,254,106 shares at a price of $1.40 per share.

The company expects to use the net proceeds for general corporate purposes, with the deal anticipated to close around August 26, 2025.

The financing included top-tier new and existing investors, as well as officer and director participation, the company noted.

OABI stock were down 10.81% in premarket trade on Monday.

MORE ON OMNIAB

* OmniAb, Inc. (OABI) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4810049-omniab-inc-oabi-q2-2025-earnings-call-transcript]
* OmniAb outlines $20M–$25M 2025 revenue target while advancing xPloration platform and partner pipeline [https://seekingalpha.com/news/4480982-omniab-outlines-20m-25m-2025-revenue-target-while-advancing-xploration-platform-and-partner]
* Seeking Alpha’s Quant Rating on OmniAb [https://seekingalpha.com/symbol/OABI/ratings/quant-ratings]
* Historical earnings data for OmniAb [https://seekingalpha.com/symbol/OABI/earnings]
* Financial information for OmniAb [https://seekingalpha.com/symbol/OABI/income-statement]