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via manilatimes.netCapital Markets

Prime Medicine closes public offering with full option exercise for about $143.7 million gross

FROM THE WIRE · MANILATIMES.NET

CAMBRIDGE, Mass., Nov. 12, 2026 (GLOBE NEWSWIRE) -- Prime Medicine, Inc. (Nasdaq: PRME), a biotechnology company committed to delivering a new class of differentiated one-time curative genetic therapies, today announced the closing of its underwritten public offering of…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishIssuing about 41 million shares at $3.50 brings dilution for existing shareholders.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01A total of 41,071,428 shares were sold, including 5,357,142 from the underwriters' option.
  2. 02The public offering price was $3.50 per share.
  3. 03Gross proceeds were about $143.7 million before fees and expenses.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Prime Medicine, Inc.PRMEStock3.89 USDMarket closedtoday -9.53%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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