Maze Therapeutics (NASDAQ:MAZE) has secured an oversubscribed $150.0 million private placement through the sale of common stock and pre-funded warrants. The company is offering 4,000,002 shares at $16.25 per share and 5,231,090 pre-funded warrants at $16.249 each, with the price representing a premium to the last closing price.
The financing includes participation from notable investors such as Frazier Life Sciences, Deep Track Capital, and Janus Henderson Investors. The proceeds will fund the development of MZE829 for APOL1-mediated kidney disease, initiate Phase 2 trials of MZE782 in phenylketonuria and chronic kidney disease, and advance research programs and the Compass platform.
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