Overview
- Centessa priced 11,627,907 American Depositary Shares at $21.50 each for expected gross proceeds of about $250 million.
- The company granted underwriters a 30-day option to buy up to 1,744,186 additional ADSs, which could lift total proceeds to roughly $287.5 million.
- The offering is expected to close on or about November 14, 2025, subject to customary closing conditions.
- The sale is being conducted under an effective Form S-3 filed with the SEC on September 11, 2024, and all ADSs are being sold by the company.
- Centessa recently reported a year-over-year Q3 net loss of $54.89 million and an operating loss of $53.79 million, attributed to higher research and development expenses.