Disc Medicine prices $450 million stock offering at $75.00 per share
Disc Medicine sold 6,000,000 common shares at $75.00 each, for expected gross proceeds of $450 million, and the offering closed October 22, 2026. The company expects net proceeds of about $422.4 million, which existing shareholders will share with the new investors through dilution, and it says its cash is sufficient into 2030.
Key points
- Priced 6,000,000 shares at $75.00 per share; expected gross proceeds of $450 million before costs.
- Underwriters hold a 30-day option for 900,000 more shares; with full exercise, net proceeds would be about $485.9 million.
- Preliminary unaudited cash, cash equivalents and marketable securities were about $682.8 million as of September 30, 2026.
- Proceeds are intended for clinical development, bitopertin commercialization for EPP and XLP, and general corporate purposes.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.