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Sana Biotechnology Announces Closing of Full Exercise of Underwriters’ Option to Purchase Additional Shares

Key Takeaway: Sana Biotechnology announced the successful closing of its public offering, selling 3,358,208 shares at $3.35 each. This exercise of the underwriters' option resulted in total gross proceeds of approximately $86.3 million. The offering was managed by major financial institutions, reflecting strong market confidence in Sana's engineered cell therapies.

Market Sentiment Analysis

POSITIVE FACTORS

  • Sana successfully closed the sale of over 3.3 million shares.
  • The offering generated approximately $86.3 million in gross proceeds.
  • The exercise of the underwriters' option indicates strong investor interest.

Full Press Release Details

SEATTLE, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Sana Biotechnology, Inc. (Nasdaq: SANA) (“Sana”), a company focused on changing the possible for patients through engineered cells, today announced that it has closed the sale of 3,358,208 shares of its common stock at a price to the public of $3.35 per share, pursuant to the exercise in full of the underwriters’ option to purchase additional shares in connection with Sana’s previously announced underwritten public offering, which closed on August 8, 2025. All of the shares were sold by Sana. Total gross proceeds from the offering, including the full exercise of the underwriters’ option, were approximately $86.3 million, before deducting underwriting discounts and commissions and other offering expenses.
Morgan Stanley, Goldman Sachs & Co. LLC, BofA Securities, and TD Cowen acted as joint book-running managers for the offering.
The offering was made pursuant to a Registration Statement on Form S-3, including a base prospectus, previously filed with and declared effective by the SEC. Sana has filed with the SEC the final prospectus supplement and accompanying prospectus relating to the offering. These documents can be accessed for free through the SEC’s website atwww.sec.gov.Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email atprospectus@morganstanley.com; Goldman Sachs & Co. LLC, Attn: Prospectus Department, at 200 West Street, New York, NY 10282, by telephone at (866) 471-2526 or by email atprospectus-ny@ny.email.gs.com; BofA Securities, Attn: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001 or by email atdg.prospectus_requests@bofa.com; or TD Securities (USA) LLC, 1 Vanderbilt Avenue, New York, New York 10017, by telephone at (855) 495-9846 or by email atTD.ECM_Prospectus@tdsecurities.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of any such state or jurisdiction.
About Sana BiotechnologySana Biotechnology, Inc. is focused on creating and delivering engineered cells as medicines for patients. Sana has operations in Seattle, WA, Cambridge, MA, and South San Francisco, CA.

Investor Relations & Media:Nicole Keithinvestor.relations@sana.commedia@sana.com

Frequently Asked Questions

What was the price per share for Sana's offering?

The shares were sold at a price of $3.35 each.

How much total gross proceeds did Sana raise?

Sana raised approximately $86.3 million from the offering.

Who managed Sana's public offering?

Morgan Stanley, Goldman Sachs, BofA Securities, and TD Cowen managed the offering.

When did Sana's public offering close?

The public offering closed on August 8, 2025.

Last updated: Aug 20, 2025