Definium Prices Upsized $700 Million Offering at $34 Per Share

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Definium Therapeutics has priced an upsized public offering of 20.59 million common shares at $34 per share, expecting gross proceeds of approximately $700 million. The offering is expected to close on or about June 25, 2026, with underwriters granted a 30-day option to purchase up to an additional 3.08 million shares. Proceeds will fund research and development of its product candidates, including the lead candidate DT120, a lysergide orally disintegrating tablet in Phase 3 for generalized anxiety disorder and major depressive disorder, as well as commercialization preparation activities and general corporate purposes. J.P. Morgan, Jefferies, Leerink Partners, and BofA Securities are joint lead bookrunners, with Evercore ISI and Stifel also acting as bookrunners. The pricing follows the company's announcement that the Phase 3 Emerge study of DT120 in major depressive disorder met its primary and all key secondary efficacy endpoints.

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Definium Therapeutics, Inc.
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Definium priced an upsized $700M offering at $34/share, raising capital for R&D and commercialization.

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