StockWatch
·
Biotechnology: Biological Products (No Diagnostic Substances)
Corporate ActionMay 26, 2026, 08:16 AM

Editas Medicine Halts ATM Stock Sales After Raising $43.9M

AI Summary

Editas Medicine, Inc. has suspended and terminated the prospectus supplement for its "at-the-market" (ATM) offering program with TD Cowen, effective May 26, 2026. The company will not sell any more common stock under this program until a new prospectus or supplement is filed and declared effective by the SEC. Prior to this suspension, Editas Medicine had issued and sold 14,327,365 shares of common stock, generating aggregate gross proceeds of $43.9 million. The underlying Sales Agreement with TD Cowen remains in full force and effect.

Key Highlights

  • Editas Medicine suspended its "at-the-market" offering program prospectus supplement.
  • The company will not make further common stock sales under the current program.
  • 14,327,365 shares of common stock were sold under the program.
  • Aggregate gross sale proceeds totaled $43.9 million.
  • The suspension was effective May 26, 2026.
  • The underlying Sales Agreement with TD Cowen remains in full force and effect.