Verastem prices stock offering of 30.9 million shares at $8.00 for about $234.7 million
Verastem agreed to sell 30,937,500 common shares at $8.00 each, plus pre-funded warrants for up to 312,503 shares, through underwriters led by Jefferies and Guggenheim. The company expects net proceeds of about $234.7 million, with closing expected on or about October 15, 2026. The sale adds a substantial number of shares to the outstanding count, which dilutes existing holders.
Key points
- 30,937,500 common shares offered at $8.00 each, before underwriting discounts and commissions
- Pre-funded warrants for up to 312,503 shares offered at $7.9999 each, with a $0.0001 exercise price
- Expected net proceeds of approximately $234.7 million, after underwriting discounts and estimated expenses
- Offering made under a shelf registration effective August 15, 2025; closing expected on or about October 15, 2026
The filing
Written by AI on Nov 9, 2026, 8:38 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 14, 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.