Atreca (NASDAQ: BCEL) announced it has closed its underwritten public offering of 7,031,250 shares of Class A Common Stock and 781,250 shares of Class B Common Stock. The biopharmaceutical company, which utilizes a differentiated platform to discover and develop novel antibody-based immunotherapeutics to treat a range of solid tumor types, sold shares at the public offering price of $16 per share. The public offering resulted in gross proceeds for Atreca of an estimated $125 million. Atreca also granted the underwriters a 30-day option to purchase up to 1,171,875 additional shares of its Class A Common Stock at the public offering price. ROTH Capital Partners acted as co-manager for the offering.
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About Atreca Inc.
Atreca is a biopharmaceutical company developing novel antibody-based immunotherapeutics generated by its differentiated discovery platform. Atreca’s platform allows access to an unexplored landscape in oncology through the identification of unique antibody-target pairs generated by the human immune system during an active immune response against tumors. These antibodies provide the basis for first-in-class therapeutic candidates, such as our lead product candidate ATRC-101. A Phase 1b study evaluating ATRC-101 in multiple solid tumor cancers is currently enrolling patients. For more information, visit the company’s website at www.Atreca.com.
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