Climb Bio Announces Exchange of 20.4 Million Shares for Pre-Funded Warrants

Reuters2025-12-11
<a href="https://laohu8.com/S/CLYM">Climb Bio</a> Announces Exchange of 20.4 Million Shares for Pre-Funded Warrants

Climb Bio Inc. has announced it entered into an exchange agreement with RA Capital Management, L.P. and an affiliated entity, under which 20,440,000 shares of the company's common stock held by the investor will be exchanged for a pre-funded warrant to purchase an equal number of shares at an exercise price of $0.0001 per share. The pre-funded warrant is exercisable at any time after issuance. The shares underlying the warrant are being issued without registration under the Securities Act of 1933, relying on the exemption provided by Section 3(a)(9). Upon completion of the transaction and retirement of the exchanged shares, Climb Bio will have 47,744,435 shares of common stock outstanding, with RA Capital and its affiliates owning approximately 23% of the company's voting power.

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