11:25 AM EDT, 06/11/2025 (MT Newswires) -- Cabaletta Bio ( CABA ) said Wednesday it has priced an underwritten public offering of securities to raise about $100 million, with Jefferies, TD Cowen and Cantor as joint book-runners.

The offering includes 39.2 million shares and accompanying warrants to purchase an equal number of shares at $2.00 per stock and accompanying warrant, the company said. It is also offering pre-funded warrants to some investors.

Cabaletta said it also granted its underwriters an over-allotment option. The offering is set to close June 12.

Shares of Cabaletta were down over 25% in recent trading.

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