03:30 AM EDT, 09/17/2024 (MT Newswires) -- Nuvalent ( NUVL ) said late Monday it priced an underwritten public offering of 5 million class A common shares at $100 per share for expected gross proceeds of $500 million.

The underwriters have been granted a 30-day option to purchase up to 750,000 additional shares.

Closing of the offering is expected to occur on Sept. 18, subject to customary conditions.

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