Autolus Announces Pricing of Underwritten Offering
08 Février 2024 - 1:00PM
Autolus Therapeutics plc (Nasdaq: AUTL), a clinical-stage
biopharmaceutical company developing next-generation programmed T
cell therapies, today announced the pricing of an underwritten
offering in the United States of 58,333,336 American Depositary
Shares (“ADSs”) representing 58,333,336 ordinary shares at a public
offering price of $6.00 per ADS, for total gross proceeds of $350
million. All ADSs sold in the offering were offered by Autolus.
Autolus intends to use the net proceeds from this offering,
together with its existing cash and cash equivalents and the $250
million it will receive from BioNTech SE, consisting of upfront
payments under a license and option agreement and gross proceeds
from the sale of ADSs to BioNTech SE in a private placement, to
advance the clinical development of its obe-cel program and fund
manufacturing activities for obe-cel, development of its commercial
infrastructure and working capital and other general corporate
purposes. The offering is expected to close on February 12, 2024,
subject to customary closing conditions.
Jefferies LLC and Truist Securities, Inc. are acting as joint
bookrunners for the offering. Mizuho Securities USA LLC, Needham
& Company, LLC and Van Lanschot Kempen (USA) Inc. are acting as
co-managers.
The securities are being offered pursuant to an automatic shelf
registration statement on Form S-3 that was previously
filed with the Securities and Exchange Commission (“SEC”). A final
prospectus supplement relating to the offering will also be filed
with the SEC. These documents can be accessed for free through the
SEC’s website at www.sec.gov.
The offering will be made only by means of a written prospectus
and prospectus supplement that form a part of the registration
statement, which, for the avoidance of doubt, will not constitute a
“prospectus” for the purposes of the Regulation (EU) 2017/1129 and
has not been reviewed by any competent authority in any member
state in the European Economic Area.
When available, copies of the final prospectus supplement and
the accompanying prospectus relating to the offering may be
obtained for free from the joint book-running managers for the
offering, 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;
or Truist Securities, Inc., Attention: Prospectus Department, 3333
Peachtree Road NE, 9th floor, Atlanta, GA 30326, email:
TruistSecurities.prospectus@Truist.com, or by telephone:
1-800-685-4786.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities, and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of that
jurisdiction.
About Autolus
Autolus is a clinical-stage biopharmaceutical company developing
next-generation, programmed T cell therapies for the treatment of
cancer and autoimmune disease. Using a broad suite of proprietary
and modular T cell programming technologies, Autolus is engineering
precisely targeted, controlled and highly active T cell therapies
that are designed to better recognize target cells, break down
their defense mechanisms and eliminate these cells. Autolus has a
pipeline of product candidates in development for the treatment of
hematological malignancies, solid tumors and autoimmune diseases.
For more information, please visit www.autolus.com.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including statements with
regard to Autolus’ expectations regarding the completion and use of
proceeds from the proposed securities offering. Words such as
“anticipates,” “believes,” “expects,” “intends,” “projects,” and
“future” or similar expressions are intended to identify
forward-looking statements. These forward-looking statements are
subject to the inherent uncertainties in predicting future results
and conditions and no assurance can be given that the proposed
securities offering discussed above will be consummated on the
terms described or at all. Completion of the proposed offering and
the terms thereof are subject to numerous factors, many of which
are beyond the control of Autolus, including, without limitation,
market conditions, failure of customary closing conditions and the
risk factors and other matters set forth in Autolus’ Annual Report
on Form 20-F for the year ended December 31, 2022 and other filings
Autolus makes with the SEC from time to time. Autolus undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required by law.
Contacts:
Olivia Manser+44 (0) 7780 471568 o.manser@autolus.com
Julia Wilson +44 (0) 7818 430877 j.wilson@autolus.com
Susan A Noonan S.A. Noonan
Communications+1-917-513-5303susan@sanoonan.com
Autolus Therapeutics (NASDAQ:AUTL)
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