Deal Details

Leap Completes $104 Million Follow-On Offering

Healthcare

Leap follow-on offering

Summary

Leap Therapeutics, Inc. (“Leap”) (NASDAQ-GM:LPTX) recently completed an upsized underwritten public offering of 27,568,072 shares of its common stock at a public offering price per share of $2.85 and pre-funded warrants to purchase 8,771,928 shares of its common stock at a purchase price per warrant of $2.849. The offering included the exercise in full by the underwriters of their option to purchase an additional 4,740,000 shares of common stock at the public offering price per share. The gross proceeds to Leap from the offering were approximately $104 million.

Baird served as lead manager on this offering.

About

Leap is focused on developing targeted and immuno-oncology therapeutics. Leap's most advanced clinical candidate, DKN-01, is a humanized monoclonal antibody targeting the Dickkopf-1 (DKK1) protein, a Wnt pathway modulator. DKN-01 is in clinical trials in patients with esophagogastric, hepatobiliary, gynecologic, and prostate cancers. Leap has formed a partnership with BeiGene, Ltd. for the rights to develop DKN-01 in Asia (excluding Japan), Australia, and New Zealand. Leap Therapeutics, Inc. is headquartered in Cambridge, Massachusetts.

Healthcare

Leap follow-on offering