BioAtla Announces $65 Million Underwritten Offering of its Common Stock
Summary
SAN DIEGO, Nov. 04, 2022 (GLOBE NEWSWIRE) -- BioAtla, Inc. (Nasdaq: BCAB), a global clinical-stage biotechnology company focused on the development of Conditionally Active Biologic (CAB) antibody therapeutics for the treatment of solid tumors, today announced that it has agreed to sell 9,745,128 shares of its common stock at a price of $6.67 per share in an underwritten offering. CAB product candidates are designed to have more selective targeting, greater efficacy with lower toxicity, and more cost-efficient and predictable manufacturing than traditional antibodies. Forward-looking statements are based on BioAtlas current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Factors that could cause actual results to differ include, among others, uncertainties associated with market conditions and the satisfaction of customary closing conditions related to the completion of the offering on the anticipated terms or at all, and the other risks and uncertainties described in the section titled "Risk Factors" in our Quarterly Report on Form 10-Q filed with the SEC on November 4, 2022, the final prospectus supplement and accompanying prospectus related to the offering and our other reports as filed with the SEC. Forward-looking statements contained in this press release are made as of this date, and BioAtla undertakes no duty to update such information except as required under applicable law.