Skip to content
Medical Health Aged Care

Zenas BioPharma Announces Closing of Full Exercise of Underwriters’ Option to Purchase Additional Shares in Initial Public Offering

Zenas BioPharma 2 mins read

WALTHAM, Mass., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Zenas BioPharma, Inc. (“Zenas”), (Nasdaq: ZBIO) a clinical-stage global biopharmaceutical company committed to being a leader in the development and commercialization of transformative immunology-based therapies, today announced that the underwriters of its previously announced upsized initial public offering of 13,235,294 shares of its common stock, which closed on September 16, 2024, exercised in full their option to purchase an additional 1,985,294 shares at the initial public offering price of $17.00 per share. After giving effect to the full exercise of the underwriters’ option to purchase additional shares, which closed on September 19, 2024, Zenas sold 15,220,588 shares in its initial public offering, resulting in gross proceeds of approximately $258.7 million. All of the shares were sold by Zenas. Zenas’ shares began trading on the Nasdaq Global Select Market on September 13, 2024 under the ticker symbol “ZBIO”.

Morgan Stanley, Jefferies, Citigroup, and Guggenheim Securities acted as joint book-running managers for the offering.

Registration statements relating to the shares sold in the offering have been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on September 12, 2024. The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by email at prospectus@morganstanley.com; and from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388, or by email at Prospectus_Department@Jefferies.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Zenas BioPharma, Inc.

Zenas is a clinical-stage global biopharmaceutical company committed to becoming a leader in the development and commercialization of transformative immunology-based therapies for patients in need. Our core business strategy combines our experienced leadership team with a disciplined product candidate acquisition approach to identify, acquire and develop product candidates globally that we believe can provide superior clinical benefits to patients living with autoimmune diseases. Zenas’ lead product candidate, obexelimab, is a bifunctional monoclonal antibody designed to bind both CD19 and FcγRIIb, which are broadly present across B cell lineage, to inhibit the activity of cells that are implicated in many autoimmune diseases without depleting them.

Investor Contact:
Matthew Osborne
Investor Relations and Corporate Communications
Matt.osborne@zenasbio.com

Media Contact:
Argot Partners
Zenas@argotpartners.com


Primary Logo

More from this category

  • Medical Health Aged Care
  • 23/01/2025
  • 17:03
Carers NSW

Carers NSW highlights need to address barriers to critical services amid growing mental health workforce crisis

Carers NSW has raised serious concerns about the impacts for family and friend carers of reduced access to affordable psychiatry services across the NSW health system, particularly in the context of existing workforce shortages in the mental health sector. The pending resignations of a large number of public psychiatrists in NSW comes at a time when carers and those they support are already facing significant barriers to accessing mental health services. Findings from the Carers NSW 2024 National Carer Survey underscore the many groups who rely on psychiatry services. Of respondents in NSW supporting someone accessing psychiatry services: 83.3% cared…

  • Contains:
  • Medical Health Aged Care
  • 23/01/2025
  • 08:08
Royal Australian College of GPs

Federal Election commitments must bring relief for Australians struggling to afford essential healthcare

In the lead up to the Federal Election, the Royal Australian College of GPs (RACGP) is urging all political parties to make bold commitments to ensure essential GP care is affordable and accessible for all Australians. The RACGP is Australia’s peak body for general practice and GP training with over 50,000 members practising everywhere from big cities to regional, rural, remote and Aboriginal and Torres Strait Islander communities. RACGP President Michael Wright said: “The next Federal Election is critical. Accessible and affordable GP care is a priority for voters. “The cost-of-living crisis has compounded decades of underfunding of Medicare, including…

  • Medical Health Aged Care
  • 23/01/2025
  • 06:10
Royal Australian College of GPs

GP payroll tax exemption will help ensure access to affordable care for Queenslanders

The Crisafulli Government’s payroll tax exemption for specialist GPs will improve access to this essential healthcare and other states and territories should follow suit, says the Royal Australian College of General Practitioners (RACGP). On Thursday, RACGP Queensland Chair Dr Cath Hester will speak about the benefits for Queenslanders at a parliamentary committee inquiry into the Revenue Legislation Amendment Bill 2024, which includes the GP payroll tax exemption. Dr Hester said the RACGP has praised the Crisafulli Government for acting on the College’s calls to abolish the tax. "Queensland is leading Australia in abolishing this tax on patients, and I applaud…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.