Erasca (ERAS) plans to sell $500 million in common stock in an underwritten public offering.
Underwriters are expected to receive a 30-day option to buy up to an additional $75 million in shares, the company said Monday in a statement.
Erasca expects to use the net proceeds to finance research and development, and for working capital and general corporate purposes.
The company's shares fell 2.2% in after-hours trading.
Major digital assets rose Friday, with Bitcoin (BTC-USD) holding above $63,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.1% in the past 24 hours. The Nasdaq and the Dow Jones Industrial Average each increased 0.3%.and the S&P 500 added 0.4%.Bitcoin rose 1.1% to $63,929, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 1.7% to $25.9 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, added 2.6% to $1,794.XRP (XRP-USD) gained 0.8%, BNB (BNB-USD) added 0.9%, and Solana (SOL-USD) fell 0.4%. Dogecoin (DOGE-USD) rose 1.4%, while Cardano (ADA-USD) climbed 0.6%.The US 10-year Treasury yield stood at 4.567% at 3 p.m. ET Friday, up from 4.537% Thursday, while the five-year yield rose to 4.308% from 4.267%.The total market value of the cryptocurrency industry rose 1.1% in the past 24 hours to $2.2 trillion, with trading volume rising 3.1% to $64.9 billion.Price: $63947.97, Change: $+763.17, Percent Change: +1.21%
FedEx (FDX) priced its previously announced cash tender offers to repurchase up to $4.15 billion of its outstanding notes.The offer cap represents the maximum aggregate purchase price, excluding accrued interest, the company said Friday in a statement.FedEx expects to accept about $4.86 billion in aggregate principal amount of notes for purchase on the early settlement date on Tuesday after valid tenders exceeded the offer cap and were allocated using its "waterfall" methodology.The early tender deadline was Thursday, and the offers are scheduled to expire July 24, though no additional notes will be accepted because the offer cap was reached early.Price: $314.66, Change: $+3.82, Percent Change: +1.23%
Spring Valley Acquisition III (SVAC) and General Fusion completed their previously announced business combination, General Fusion said Friday.Following the closing, General Fusion's common shares and warrants are expected to begin trading on Nasdaq under the ticker symbols GFUZ and GFUZW, respectively, on Monday, the company said.Price: $9.37, Change: $+0.13, Percent Change: +1.36%