Follow-on Offering

Healthcare
Follow-on Offering

Summary

Baird served as a joint bookrunning manager on this offering

About

Castle Biosciences, Inc. (“Castle” or the “Company”) (NASDAQ:CSTL) recently completed an underwritten public offering of 2,300,000 shares of its common stock at a public offering price of $37.00 per share, which includes the exercise in full by the underwriters of their option to purchase an additional 300,000 shares of common stock. The transaction was upsized from the previously announced offering size of 1,500,000 shares of common stock. The Company expects to use the proceeds of this offering to support and increase R&D activities, to expand its commercial organization including the sales force, and for working capital and other general corporate purposes.

Castle is a commercial-stage dermatologic cancer company focused on providing physicians and their patients with personalized, clinically actionable genomic information to make more accurate treatment decisions. The Company is headquartered in Friendswood, Texas.
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Healthcare
Follow-on Offering
Date
July 2020
Company
Castle Biosciences, Inc.
Transaction
M&A
Sectors
Healthcare
Target Location
North America

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