Merus dips 7%, prices $300M stock at $57 per share

June 03, 2025 11:22 PM PDT | By EODHD

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Merus dips 7%, prices $300M stock at $57 per share — Image source: Kalkine Media

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* Merus N.V. (NASDAQ:MRUS [https://seekingalpha.com/symbol/MRUS]) priced [https://seekingalpha.com/pr/20125601-merus-n-v-announces-pricing-of-public-offering-of-common-shares] an underwritten public offering of ~5.26M shares at a public offering price of $57.00 per share. * Underwriters have a 30-day option to purchase up to an additional 789,473 shares. * The gross proceeds are expected to be ~$300M. * The offering is expected to close on or about June 5, 2025.

* Net proceeds, together with its existing cash, cash equivalents and marketable securities, will be used to advance the clinical development of its product candidates, for preclinical research and technology development, and for working capital and general corporate purposes. * The stock price declined 6.7% on Tuesday during after-market hours of trading. MORE ON MERUS * Merus: Riding The Bispecific Wave In Oncology [https://seekingalpha.com/article/4773379-merus-riding-the-bispecific-wave-in-oncology] * Merus N.V. announces proposed public offering of common shares [https://seekingalpha.com/news/4455183-merus-n-v-announces-proposed-public-offering-of-common-shares] * Merus gains after mid-stage trial data for lead asset in head and neck cancer [https://seekingalpha.com/news/4451976-merus-stock-gains-cancer-drug-data] * Seeking Alpha’s Quant Rating on Merus [https://seekingalpha.com/symbol/MRUS/ratings/quant-ratings] * Historical earnings data for Merus [https://seekingalpha.com/symbol/MRUS/earnings]

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