GlobeNewswire·Jul 15, 2026, 4:01 PM ET

Erasca Announces Closing of Upsized Public Offering of Common Stock, Including Full Exercise of Underwriters’ Option to Purchase Additional Shares

Erasca, Inc. closed an upsized public offering of 36,142,857 common stock shares, including 4,714,285 shares from the full exercise of the underwriters' option.
Shares were sold to the public at $17.50 per share, generating gross proceeds of approximately $632.5 million before expenses.
All shares sold in the offering were issued directly by Erasca.
J.P. Morgan, Morgan Stanley, Jefferies, & Evercore ISI served as joint book-running managers for the transaction.
The offering was conducted pursuant to a shelf registration statement on Form S-3 filed with the SEC on July 13, 2026.
Erasca intends to use net proceeds, combined with existing cash & marketable securities, to fund research, development programs, working capital, & general corporate purposes.