CinCor Pharma Announces Proposed Public Offering of Common Stock and Pre-Funded Warrants

Aug 08, 2022

WALTHAM, Mass., Aug. 08, 2022 (GLOBE NEWSWIRE) -- CinCor Pharma, Inc. (“CinCor”) (Nasdaq: CINC), a clinical-stage biopharmaceutical company focused on developing its lead clinical candidate, baxdrostat, for the treatment of hypertension and other cardio-renal diseases, today announced that it has launched an underwritten public offering of 6,000,000 shares of its common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission. CinCor may, in lieu of common stock, offer and sell to certain investors pre-funded warrants to purchase shares of its common stock in the underwritten public offering. CinCor also intends to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares of its common stock. All of the securities to be sold in the proposed offering will be offered by CinCor.

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