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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Jun. 25, 1:09 AM

Slide #2. Cascadian Therapeutics, Inc. Secondary Offering

Company: Cascadian Therapeutics, Inc. (NASDAQ:CASC)
Date announced: 6/22/2016
Shares Offered: 35,000,000
Date of Pricing: 6/23/2016
Price Per Share: $0.80
Secondary Offering Details: Cascadian Therapeutics, Inc. (NASDAQ:CASC) today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. As part of the offering, Cascadian Therapeutics also expects to grant the underwriters a 30-day option to purchase additional shares of its common stock to cover over-allotments, if any. The offering is being conducted by means of a prospectus supplement. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or term of the offering. -updated 6/23- Cascadian Therapeutics, Inc. (NASDAQ:CASC) today announced the pricing of the previously announced underwritten offering of 35,000,000 shares of its common stock at a price to the public of $0.80 per share, for expected gross proceeds of $28.0 million. As part of the common stock offering, Cascadian Therapeutics granted the underwriters a 30-day option to purchase 5,250,000 additional shares of Cascadian Therapeutics common stock. In addition, Cascadian Therapeutics agreed to sell 17,250 shares of its Series D Convertible Preferred Stock at a price of $800.00 per share directly to affiliates of BVF Partners L.P., which are existing stockholders and affiliates of a member of the board of directors of Cascadian Therapeutics, for expected gross proceeds of $13.8 million

Cascadian Therapeutics is a clinical-stage biopharmaceutical company focused primarily on the development of therapeutic products for the treatment of cancer. Co.'s clinical-stage product candidates include ONT-380, an orally active and selective small-molecule HER2 inhibitor, and ONT-10, a therapeutic vaccine targeting the Mucin 1 peptide antigen. Co. also develops preclinical product candidates in oncology, and potentially certain rare diseases, using its acquired protocell technology. Co. also collaborates with partners to discover and develop additional product candidates.

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Company Name:  Cascadian Therapeutics Inc
Sector:  Biotechnology
Number of ETFs Holding CASC:  15
Total Market Value Held by ETFs:  $3.25M
Total Market Capitalization:  $82.00M
% of Market Cap. Held by ETFs:  3.97%

Open the CASC Page at The Online Investor (in a new window) »

June 25, 2016    1:09 AM Eastern
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Buy (3.25 out of 4)
58th percentile
(ranked higher than approx. 58% of all stocks covered)
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