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Investing.com -- Omeros Corporation (NASDAQ:OMER) stock rose 2.8% after the company announced it had entered into a securities purchase agreement with Polar Asset Management Partners for a $22 million registered direct offering.
The agreement, announced on July 24, 2025, involves selling 5,365,853 shares of common stock at $4.10 per share, representing a 14% premium to the company’s closing price on the day of the agreement. The transaction is expected to close around July 28, 2025, subject to customary closing conditions.
D. Boral (OTC:BOALY) Capital LLC is serving as the exclusive placement agent for the offering, which is being made through a "shelf" Registration Statement on Form S-3 previously filed with the SEC and declared effective on November 17, 2022.
The company plans to issue a prospectus supplement detailing the terms of the public offering, which will form part of the effective registration statement. Omeros noted that the gross proceeds of approximately $22 million will be subject to deductions for placement agent fees and other offering expenses.
The registered direct offering comes at a premium to the company’s recent trading price, which may have contributed to the positive market reaction reflected in today’s stock movement.
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