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.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Climb Bio Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-315108), on December 11, 2025, and is solely responsible for the information contained therein.
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