Maze Therapeutics Announces Pricing of Upsized Initial Public Offering
January 30 2025 - 6:30PM
Maze Therapeutics, Inc. (Nasdaq: MAZE), a clinical-stage
biopharmaceutical company harnessing the power of human genetics to
develop novel, small molecule precision medicines for patients
living with renal, cardiovascular and related metabolic diseases,
today announced the pricing of its upsized initial public offering
of 8,750,000 shares of its common stock at a public offering price
of $16.00 per share. The gross proceeds from the offering, before
deducting underwriting discounts and commissions and other offering
expenses, are expected to be $140.0 million. All shares of common
stock to be sold in the offering will be sold by Maze Therapeutics.
In addition, Maze Therapeutics has granted the underwriters a
30-day option to purchase up to an additional 1,312,500 shares of
common stock at the initial public offering price, less
underwriting discounts and commissions. The shares are expected to
begin trading on the Nasdaq Global Market on January 31, 2025,
under the symbol “MAZE.” The offering is expected to close on
February 3, 2025, subject to the satisfaction of customary closing
conditions.
J.P. Morgan, TD Cowen, Leerink Partners and
Guggenheim Securities are acting as the joint bookrunning managers
for the offering. The offering is being made only by means of a
prospectus.
Registration statements relating to these
securities have been filed with the Securities and Exchange
Commission and became effective on January 30, 2025. The
offering is being made only by means of a prospectus. A copy
of the final prospectus may be obtained, when available, from J.P.
Morgan Securities LLC, Attention: c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or email:
prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com; TD Securities (USA) LLC, 1
Vanderbilt Avenue, New York, NY 10017, by telephone at (855)
495-9846, or by email at TD.ECM_Prospectus@tdsecurities.com;
Leerink Partners LLC, Attention: Syndicate Department, 53 State
Street, 40th Floor, Boston, MA 02109, by telephone at 1-(800)
808-7525, ext. 6105, or by email at syndicate@leerink.com; or
Guggenheim Securities, LLC, Attention: Equity Syndicate Department,
330 Madison Avenue, 8th Floor, New York, NY 10017, by telephone at
(212) 518-9544, or by email at
GSEquityProspectusDelivery@guggenheimpartners.com.
This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Maze Therapeutics
Maze Therapeutics is a clinical-stage
biopharmaceutical company harnessing the power of human genetics to
develop novel, small molecule precision medicines for patients
living with common diseases, with a focus on renal, cardiovascular
and related metabolic, including obesity. The company is advancing
a pipeline using its Compass platform, which provides insights into
the genetic variants in disease and links them with the biological
pathways that drive disease in specific patient groups. The
company’s pipeline is led by two wholly owned lead programs, MZE829
and MZE782, each of which represents a novel precision
medicine-based approach for chronic kidney disease.
For further information, please
contact:
Investors:Jillian Connell, Maze
Therapeuticsjconnell@mazetx.com(650) 850-5080
Media:Dan Budwick,
1ABdan@1abmedia.com
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