Precision BioSciences’ $50 Million Common Stock Offering

Latham & Watkins represented Precision BioSciences, Inc. in the offering.

Precision BioSciences, Inc. (Nasdaq: DTIL), a clinical stage gene editing company developing ARCUS-based ex vivo allogeneic CAR T and in vivo gene editing therapies, has agreed to sell 35,971,224 shares of its common stock at a price of US$1.39 per share, by way of an underwritten offering, for gross proceeds of approximately US$50 million. The offering is expected to close on or about June 24, 2022, subject to customary closing conditions. All shares of common stock to be sold in the offering will be sold by Precision BioSciences.

Precision BioSciences intends to use the net proceeds of the offering to help fund ongoing and planned research and development, and for working capital and general corporate purposes.

Latham & Watkins represented Precision BioSciences, Inc. in the offering with a capital markets team led by partners Pete Handrinos and Nathan Ajiashvili, with associates Jonathan Guest and Akina Newbraugh.

Involved fees earner: Nathan Ajiashvili – Latham & Watkins; Jonathan Guest – Latham & Watkins; Peter Handrinos – Latham & Watkins; Akina Newbraugh – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Precision BioSciences, Inc.;