Sunesis raises $45mm with private placement
Sunesis Pharmaceuticals (small-molecule oncology therapeutics) has raised $45mm from a private placement. It sold 7.25mm common shares--that carry warrants to buy an additional 2.17mm common--for $6.21 each (a 7% premium to the market average). Investors, including Deerfield Management, Baker Brothers Investments, funds managed by Alta Partners, and existing backer Warburg Pincus, paid an additional $0.125 for each share underlying the warrants (equal to $271,250). Cowen & Co. acted as the placement agent.
- Private Investment in Public Equity
- Private Placement
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