Rapt Therapeutics Inc.
RAPT Therapeutics Announces Underwritten Public Offering
Summary
RAPT Therapeutics, Inc. announced an underwritten public offering of 8,333,334 shares of its common stock at $30.00 per share, with an option for underwriters to purchase up to an additional 1,250,000 shares. The offering is expected to close on October 23, 2025, and is anticipated to provide net proceeds of approximately $234.4 million, or $269.7 million if the option is fully exercised. The Company expects these proceeds, combined with existing cash and marketable securities, to fund operations into 2028.
Profitelligence Alerts
Get alerts for RAPT
Be first to know when Rapt Therapeutics Inc. files with the SEC.
Filing Categories
Advertisement
About Rapt Therapeutics Inc.
Rapt Therapeutics Inc. is a biotechnology firm focused on the discovery, development, and commercialization of oral small molecule therapies for oncology and inflammatory diseases. Its primary mission is to create novel treatments by harnessing its proprietary drug discovery platform, which targets key pathways responsible for the progression of these complex conditions. Rapt Therapeutics is notably advancing its development of selective inhibitors for immune checkpoint inhibitors within the broader cancer treatment landscape, potentially enhancing the efficacy of existing therapies. The company's pipeline includes multiple drug candidates tailored for specific types of cancer and chronic inflammatory disorders, underscoring its commitment to addressing unmet medical needs. By concentrating efforts on innovative approaches that modulate immune and inflammatory responses, Rapt Therapeutics plays a significant role in shaping the future of precision medicine in the biopharmaceutical industry. Founded in 2015 and leveraging advanced scientific insights, Rapt Therapeutics represents an important component of the biotech sector's efforts to push boundaries in disease treatment and improve patient outcomes.
Official SEC Documents
Advertisement