05:02 AM EDT, 08/07/2025 (MT Newswires) -- Sana Biotechnology ( SANA ) said late Wednesday it has priced a public offering of 20.9 million shares at $3.35 each for expected gross proceeds of $75 million.

Certain investors will receive pre-funded warrants to purchase about 1.5 million shares at $3.3499 per warrant, the company said.

Sana Biotechnology ( SANA ) granted underwriters a 30-day option to buy an additional about 3.4 million shares.

The offering is set to close on Friday, the company said.

The company's shares were down 16% in premarket activity Thursday.