05:02 PM EDT, 10/07/2024 (MT Newswires) -- Scholar Rock Holding ( SRRK ) said Monday it plans to sell common shares and pre-funded warrants worth $275 million in an underwritten public offering.

Underwriters have been granted a 30-day option to buy 15% additional shares, the company said.

Net proceeds will be allocated to support current and future clinical programs along with working capital and other general corporate purposes, it added.

Price: 34.03, Change: -0.25, Percent Change: -0.73