Announcement • Apr 29
Climb Bio, Inc. announced that it expects to receive $110.076289 million in funding from a group of investors
Climb Bio, Inc. announced that it has entered into a securities purchase agreement pursuant to which the Company agreed to issue and sell to the Investors in a private placement an aggregate of 9,481,000 common shares at a par value $0.0001 per share at an issue price of $9.50 per Share for gross proceeds of $90,069,500 and, to certain Investors in lieu of Shares, 2,106,000 pre-funded warrants to purchase 2,106,000 shares of the Company’s common stock at an issue price of $9.4999 per Pre-Funded Warrant for gross proceeds of $20,006,789.4 for total aggregate gross proceeds of $110,076,289.4 on April 27, 2026. The transaction included participation from certain existing new and institutional investors an affiliate of RA Capital Management, RA Capital Healthcare Fund, L.P., Adage Capital Partners LP, Cormorant Global Healthcare Master Fund managed by Cormant Asset Management LP , LP, SILV Fund, Ltd., Manatee Access Fund LP managed by Sirenia Capital Management LP, Driehaus Life Sciences Master Fund, L.P. , Driehaus Life Sciences (QP) Fund, L.P.managed by Driehaus Capital Management LLC , Redmile Capital Fund, LP , Redmile Capital Offshore Master Fund, Ltd., Redmile Strategic Trading Sub, Ltd., Redmile Strategic Long Only Trading Sub, Ltd. managed byRedmile Group LLC, Woodline Master Fund LP managed by Woodline Partners LP , Biomedical Value Fund, L.P., Biomedical Offshore Value Fund, Ltd. managed by Great Point Partners LLC, Affinity Healthcare Fund, LP managed by Affinity Asset Advisors LLC , Integrated Core Strategies (US) LLC managed by Millennium Management LLC, ADAR1 Partners, LP managed by ADAR1Capital Management LLC , Spearhead Insurance Solutions IDF, LLC – Series ADAR1 managed by Spearhead Administrative Services LLC , Sphera Biotech Master Fund LP , Sphera Global Healthcare Master Fund managed by Sphera Funds Management LTD, Ally Bridge Medalpha Master Fund L.P. MANAGED BY Ally Bridge Group, Ally Bridge Medalpha Master Fund L.P. managed by, Ally Bridge Group (NYC) LLC. Each Pre-Funded Warrant to be issued in the Private Placement will have an exercise price of $0.0001 per share, will be exercisable immediately and will be exercisable until the Pre-Funded Warrant is exercised in full. The Private Placement is expected to close on or about April 29, 2026, subject to the satisfaction of customary closing conditions. The offering and sale of the Shares and the Pre-Funded Warrants is being conducted pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act and Regulation D promulgated thereunder.