Exscientia Announces Pricing of $304.7 Million Upsized Initial Public Offering and $160.0 Million Concurrent Private Placements
2021年10月1日 - 10:52AM
ビジネスワイヤ(英語)
Exscientia plc (Nasdaq: EXAI), an AI-driven pharmatech company
committed to discovering, designing and developing the best
possible drugs in the fastest and most effective manner, today
announced the pricing of its upsized initial public offering in the
United States of 13,850,000 American Depositary Shares (“ADSs”)
representing 13,850,000 ordinary shares at an initial public
offering price of $22.00 per ADS, for total gross proceeds of
approximately $304.7 million. All ADSs sold in the offering were
offered by Exscientia. The ADSs are expected to begin trading on
the Nasdaq Global Select Market on October 1, 2021 under the ticker
symbol “EXAI.” In addition, Exscientia has granted the underwriters
a 30-day option to purchase up to an additional 2,077,500 ADSs at
the initial public offering price, less underwriting discounts and
commissions. The offering is expected to close on or about October
5, 2021, subject to customary closing conditions.
In addition to the ADSs sold in the public offering, the Company
announced the concurrent sale of an additional 7,272,727 ADSs at
the initial offering price of $22.00 per ADS, for gross proceeds of
$160.0 million, in private placements to SVF II Excel (DE) LLC, or
Softbank, and the Bill & Melinda Gates Foundation. The sale of
these ADSs will not be registered under the Securities Act of 1933,
as amended, and will be subject to a 180-day lock-up agreement.
Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, BofA
Securities and Barclays Capital Inc. are acting as joint
book-running managers for the offering.
A registration statement relating to these securities became
effective on September 30, 2021. The offering will be made only by
means of a prospectus. When available, copies of the final
prospectus related to the offering can be obtained from any of the
joint book-running managers for the offering: Goldman Sachs &
Co. LLC, Attn: Prospectus Department, 200 West Street, New York,
New York 10282, telephone: 866-471-2526, facsimile: 212-902-9316,
e-mail: prospectus-ny@ny.email.gs.com; Morgan Stanley & Co.
LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, New York 10014, by telephone at 866-718-1649 or by email at
prospectus@morganstanley.com; BofA Securities, NC1-004-03-43, 200
North College Street, 3rd Floor, Charlotte, NC 28255-0001,
Attention: Prospectus Department, or email:
dg.prospectus_requests@bofa.com; or Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717, by telephone at 1-888-603-5847 or by email at
barclaysprospectus@broadridge.com. For the avoidance of doubt, such
prospectus will not constitute a "prospectus" for the purposes of
the Regulation (EU) 2017/1129 and has not been reviewed by any
competent authority in any member state in the European Economic
Area or the United Kingdom.
A registration statement relating to these securities has been
filed with, and declared effective by, the U.S. Securities and
Exchange Commission (the “SEC”). Copies of the registration
statement can be accessed through the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities, and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of that
jurisdiction.
In any member state of the European Economic Area (the "EEA")
this announcement and any offering are only addressed to and
directed at persons who are "qualified investors" ("Qualified
Investors") within the meaning of the Prospectus Regulation
(Regulation (EU) 2017/1129). In the United Kingdom, this
announcement and any offering are only addressed to and directed at
persons who are “qualified investors” within the meaning of the UK
Prospectus Regulation (Regulation (EU) 2017/1129 as if forms part
of domestic law by virtue of the European Union (Withdrawal) Act
2018) (i) who have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005, as amended
(the "Order"), (ii) high net worth entities who fall within Article
49(2)(a) to (d) of the Order, or (iii) to whom it may otherwise
lawfully be communicated (all such persons being referred to as
"relevant persons").
This announcement must not be acted on or relied on (i) in the
United Kingdom, by persons who are not relevant persons, and (ii)
in any member state of the EEA, by persons who are not Qualified
Investors. Any investment or investment activity to which this
announcement relates is available only to and will only be engaged
with (i) in the United Kingdom, relevant persons, and (ii) in any
member state of the EEA, Qualified Investors.
About Exscientia
Exscientia is an AI-driven pharmatech company committed to
discovering, designing and developing the best possible drugs in
the fastest and most effective manner. Exscientia developed the
first-ever functional precision oncology platform to successfully
guide treatment selection and improve patient outcomes in a
prospective interventional clinical study, as well as to progress
AI-designed small molecules into the clinical setting. Our pipeline
demonstrates our ability to rapidly translate scientific concepts
into precision-designed therapeutic candidates, with more than 25
projects advancing, including the first three AI-designed drug
candidates to enter Phase 1 clinical trials.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including statements with
regard to Exscientia’s expectations regarding the commencement of
trading of ADSs on The Nasdaq Global Select Market and the
completion of the proposed securities offering. Words such as
“anticipates,” "believes," “expects,” "intends," "projects,"
"anticipates," and "future" or similar expressions are intended to
identify forward-looking statements. These forward-looking
statements are subject to the inherent uncertainties in predicting
future results and conditions and no assurance can be given that
the proposed securities offering discussed above will be
consummated on the terms described or at all. Completion of the
proposed offering and the terms thereof are subject to numerous
factors, many of which are beyond the control of Exscientia,
including, without limitation, market conditions, failure of
customary closing conditions and the risk factors and other matters
set forth in Exscientia’s filings with the SEC. Exscientia
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210930006053/en/
Investors: Sara Sherman investors@exscientia.ai
Media: Amanda Galgay media@exscientia.ai
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