Seres Therapeutics Eyes USD 60m Raise in Public Stock Offering.

M2 PHARMA-June 17, 2019-Seres Therapeutics Eyes USD 60m Raise in Public Stock Offering

(C)2019 M2 COMMUNICATIONS

- US-based microbiome therapeutics platform company Seres Therapeutics, Inc. (NASDAQ: MCRB) is commencing an underwritten registered public offering of USD 60m of shares of its common stock, the company said.

As part of this offering, Seres intends to grant the underwriters a 30-day option to purchase up to an additional USD 9m of shares of its common stock. All of the shares in the proposed offering are to be sold by Seres.

Goldman Sachs and Co. LLC and Cowen and company, LLC are acting as joint book-running managers for the offering.

The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

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