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Nuvectis Pharma shares drop 25% after pricing $100 million discounted stock offering
Nuvectis Pharma shares fell 25% in premarket trading on Tuesday after the company priced a $100 million public offering at $20.00 per share, a roughly 30% discount to Monday's closing price of $28.53. The clinical-stage biopharmaceutical company is issuing 5,000,000 shares of common stock, with the transaction expected to close on or about July 1, 2026, subject to customary conditions. Underwriters have a 30-day option to purchase up to 750,000 additional shares at the offering price. Cantor is the sole book-running manager, with H.C. Wainwright & Co., Laidlaw & Company (UK) Ltd., Lucid Capital Markets, Maxim Group LLC, Roth Capital Partners, and Titan Partners acting as co-managers.