CAMBRIDGE, Mass., July 29, 2021 (GLOBE NEWSWIRE) – Immuneering Corporation (Nasdaq: IMRX), a biopharmaceutical company that offers a strong pipeline of oncology and neuroscience product candidates designed to uniquely disrupt the dynamics of cell signaling, announced today the price of its initial public offering plus 7,500,000 Class A common shares at a public offering price of $ 15.00 per share, for total gross proceeds of $ 112.5 million, before deduction of subscription discounts and commissions and estimated offering fees payable by Immuneering. All Class A common shares are offered by Immuneering. The offer is scheduled to close on August 3, 2021, subject to customary closing conditions. In addition, Immuneering has granted the underwriters a 30 day option to purchase up to 1,125,000 additional Class A common shares at the initial public offering price less any rebates and subscription fees.
Immuneering’s Class A common shares are expected to begin trading on the Nasdaq Global Market on July 30, 2021, under the symbol “IMRX”.
Morgan Stanley, Jefferies, Cowen and Guggenheim Securities act as joint bookkeepers.
A registration statement relating to the securities sold under the Offer was declared effective by the United States Securities and Exchange Commission on July 29, 2021. This offer is being made only by way of a prospectus. Copies of the final prospectus relating to this offering may be obtained, when available, by contacting: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by e- mail to prospectus @ morganstanley .com; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by phone at (877) 821-7388 or by email at [email protected]; or Cowen and Company, LLC, c / o Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, or by phone at 833-297-2926.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be. illegal before registration or qualification under the securities laws of that state or jurisdiction.
About Immuneering Corporation
Immuneering is a biopharmaceutical company with an emerging pipeline focused on improving patient outcomes in a range of debilitating oncologic and neurologic diseases by applying its in-depth knowledge of translational bioinformatics at every stage of the drug development process. Immuneering has over a decade of experience in translational bioinformatics and in generating information on the mechanisms of drug action and patient responses to treatment. Building on this experience, Immuneering has developed a disease-independent platform that enables the company to use human data, novel biology and chemistry, and translational planning to create and advance its proprietary pipeline. exclusive. Immuneering’s current development programs in oncology focus on providing potential treatments for patients with solid tumors caused by mutations in oncological signaling pathways, including the MAPK pathway. Immuneering’s flagship product candidate, IMM-1-104, is designed to be a highly selective dual MEK inhibitor that further disrupts KSR for the treatment of advanced solid tumors in patients with RAS mutant tumors. In addition, Immuneering has six other discovery-stage oncology programs that are designed to target the MAPK or mTOR pathway, and two discovery-stage neuroscience programs.
This press release includes certain disclosures containing “forward-looking statements” including, without limitation, statements regarding Immuneering’s expectations regarding the commencement of trading of its shares on the Nasdaq Global Market, the completion and the timing of the closing of the offer and the use of the net proceeds of the offer. Forward-looking statements are based on Immuneering’s current expectations and are subject to inherent uncertainties, risks and assumptions which are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties relating to the satisfaction of customary closing conditions and the completion of the Offer, and the risks inherent in the development of drugs in progress. oncology and neuroscience, including target discovery, validation, lead compound identification, lead compound optimization, preclinical studies and clinical trials. These and other risks and uncertainties are further described in the section entitled “Risk Factors” in the final prospectus relating to the Offer to be filed with the United States Securities and Exchange Commission. The forward-looking statements contained in this announcement are made as of this date and Immuneering does not undertake to update this information, except as required by applicable law.
Rebecca Kusko, Ph.D.