Sana Biotechnology Announces Pricing of Public Offering
Sana Biotechnology (NASDAQ: SANA) has announced the pricing of its public offering, consisting of 20,895,522 shares of common stock at $3.35 per share and pre-funded warrants to purchase 1,492,537 shares at $3.3499 per warrant. The company expects to raise approximately $75.0 million in gross proceeds before deducting expenses.
The offering includes a 30-day option for underwriters to purchase up to 3,358,208 additional shares. Morgan Stanley, Goldman Sachs, BofA Securities, and TD Cowen are serving as joint book-running managers. The offering is expected to close around August 8, 2025, subject to customary conditions.
Sana Biotechnology (NASDAQ: SANA) ha annunciato il prezzo della sua offerta pubblica, che comprende 20.895.522 azioni ordinarie a 3,35 dollari per azione e warrant prefinanziati per l'acquisto di 1.492.537 azioni a 3,3499 dollari per warrant. L'azienda prevede di raccogliere circa 75,0 milioni di dollari di proventi lordi prima delle spese.
L'offerta include un'opzione di 30 giorni per gli underwriter di acquistare fino a 3.358.208 azioni aggiuntive. Morgan Stanley, Goldman Sachs, BofA Securities e TD Cowen sono i joint book-running manager. La chiusura dell'offerta è prevista intorno all'8 agosto 2025, soggetta a condizioni consuete.
Sana Biotechnology (NASDAQ: SANA) ha anunciado el precio de su oferta pública, que consiste en 20.895.522 acciones ordinarias a 3,35 dólares por acción y warrants prefinanciados para comprar 1.492.537 acciones a 3,3499 dólares por warrant. La compañía espera recaudar aproximadamente 75,0 millones de dólares en ingresos brutos antes de deducir gastos.
La oferta incluye una opción de 30 días para que los suscriptores compren hasta 3.358.208 acciones adicionales. Morgan Stanley, Goldman Sachs, BofA Securities y TD Cowen actúan como gestores conjuntos principales. Se espera que la oferta cierre alrededor del 8 de agosto de 2025, sujeta a condiciones habituales.
Sana Biotechnology (NASDAQ: SANA)가 공개 발행 가격을 발표했습니다. 이번 공모� 보통� 20,895,522주를 주당 3.35달러�, 선납 워런트로 1,492,537주를 주당 3.3499달러� 매입� � 있는 권리� 포함합니�. 회사� 경비 공제 � � 7,500� 달러� � 수익� 예상하고 있습니다.
이번 공모에는 인수인들� 최대 3,358,208� 추가 매입� � 있는 30� 옵션� 포함되어 있습니다. Morgan Stanley, Goldman Sachs, BofA Securities, TD Cowen� 공동 주간사로 참여합니�. 공모 마감은 2025� 8� 8일경� 예상되며, 일반적인 조건� 따릅니다.
Sana Biotechnology (NASDAQ : SANA) a annoncé le prix de son offre publique, comprenant 20 895 522 actions ordinaires à 3,35 $ par action et des bons de souscription préfinancés pour l'achat de 1 492 537 actions à 3,3499 $ par bon. La société prévoit de lever environ 75,0 millions de dollars de produits bruts avant déduction des frais.
L'offre inclut une option de 30 jours permettant aux souscripteurs d'acheter jusqu'à 3 358 208 actions supplémentaires. Morgan Stanley, Goldman Sachs, BofA Securities et TD Cowen agissent en tant que chefs de file conjoints. La clôture de l'offre est prévue aux alentours du 8 août 2025, sous réserve des conditions habituelles.
Sana Biotechnology (NASDAQ: SANA) hat die Preisfestsetzung für sein öffentliches Angebot bekannt gegeben, das 20.895.522 Stammaktien zu je 3,35 USD und vorausfinanzierte Bezugsrechte zum Kauf von 1.492.537 Aktien zu jeweils 3,3499 USD umfasst. Das Unternehmen erwartet einen Bruttoerlös von etwa 75,0 Millionen USD vor Abzug der Kosten.
Das Angebot beinhaltet eine 30-tägige Option für die Underwriter, bis zu 3.358.208 zusätzliche Aktien zu erwerben. Morgan Stanley, Goldman Sachs, BofA Securities und TD Cowen fungieren als gemeinsame Bookrunner. Der Abschluss des Angebots wird voraussichtlich um den 8. August 2025 erfolgen, vorbehaltlich üblicher Bedingungen.
- Expected to raise $75.0 million in gross proceeds to support operations
- Strong lineup of major investment banks as underwriters including Morgan Stanley and Goldman Sachs
- Potential dilution for existing shareholders with 20.9 million new shares being offered
- Additional dilution possible if underwriters exercise option for 3.36 million more shares
- Offering price of $3.35 per share indicates relatively low valuation
Insights
Sana Biotechnology raises $75M through public offering, diluting existing shareholders while strengthening cash position for clinical development.
Sana Biotechnology has announced a $75 million public offering through the sale of 20,895,522 shares at $3.35 per share and 1,492,537 pre-funded warrants at $3.3499 each. This capital raise represents a significant funding event for the clinical-stage cell engineering company. The offering includes an option for underwriters to purchase an additional 3,358,208 shares, which could further increase the proceeds beyond the initial $75 million target.
The pricing indicates a discount to recent trading levels, which is typical for secondary offerings in the biotech sector. This dilutive event will increase Sana's outstanding share count by approximately 22.4 million shares, representing substantial dilution for existing shareholders. However, the fresh capital significantly strengthens Sana's balance sheet and extends its operational runway, which is crucial for a development-stage biotech company without consistent revenue streams.
With Morgan Stanley, Goldman Sachs, BofA Securities, and TD Cowen serving as joint book-running managers, this offering has secured backing from major financial institutions, lending credibility to the transaction. The additional capital will likely be directed toward advancing Sana's engineered cell therapy pipeline, which includes treatments targeting various diseases through its novel cell engineering platforms. For a clinical-stage biotech company, maintaining sufficient capital reserves is essential to fund expensive clinical trials and operational costs through the lengthy drug development and approval process.
SEATTLE, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Sana Biotechnology, Inc. (Nasdaq: SANA) (“Sana�), a company focused on changing the possible for patients through engineered cells, today announced that it has priced its underwritten public offering of 20,895,522 shares of its common stock at a price to the public of
Morgan Stanley, Goldman Sachs & Co. LLC, BofA Securities, and TD Cowen are acting as joint book-running managers for the offering.
The offering is being made pursuant to a Registration Statement on Form S-3, including a base prospectus, previously filed with and declared effective by the SEC, and Sana has filed with the SEC a preliminary prospectus supplement and accompanying prospectus relating to the offering. A final prospectus supplement and accompanying prospectus relating to the offering will also be filed with the SEC. These documents can be accessed for free through the SEC’s website at When available, copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email at ; Goldman Sachs & Co. LLC, Attn: Prospectus Department, at 200 West Street, New York, NY 10282, by telephone at (866) 471-2526 or by email at ; BofA Securities, Attn: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001 or by email at ; or TD Securities (USA) LLC, 1 Vanderbilt Avenue, New York, New York 10017, by telephone at (855) 495-9846 or by email at .
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of any such state or jurisdiction.
About Sana Biotechnology
Sana Biotechnology, Inc. is focused on creating and delivering engineered cells as medicines for patients. Sana has operations in Seattle, WA, Cambridge, MA, and South San Francisco, CA.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements about Sana Biotechnology, Inc. (the “Company,� “we,� “us,� or “our�) within the meaning of the federal securities laws, including those related to the timing of the closing of the offering and the expected gross proceeds. These forward-looking statements are neither promises nor guarantees and are subject to a variety of risks and uncertainties, including but not limited to: whether or not we will be able to raise capital through the sale of securities or consummate the offering; the final terms of the offering; the satisfaction of customary closing conditions; prevailing market conditions; general economic and market conditions as well as geopolitical developments; and other risks. Information regarding the foregoing and additional risks may be found in the section entitled “Risk Factors� in documents that we file from time to time with the Securities and Exchange Commission, including the registration statement and the preliminary prospectus supplement relating to the public offering. These forward-looking statements are made as of the date of this press release, and we assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations & Media:
Nicole Keith
