Erasca Prices Upsized Public Offering of Common Stock at $17.50/Share

Erasca, Inc. announced the pricing of an upsized public offering of 31,428,572 shares of its common stock at $17.50 per share, expecting gross proceeds of approximately $550.0 million. The underwriters also have a 30-day option to purchase up to an additional 4,714,285 shares. Net proceeds are anticipated to be around $516.0 million, or $593.5 million if the option is fully exercised, which will be used to fund research and development of product candidates and for general corporate purposes. The offering is slated to close on July 15, 2026.