Immuneering Announces Closing of $25 Million Private Placement

Rhea-AI Summary

Immuneering (Nasdaq: IMRX), a clinical-stage oncology company, has successfully closed a $25 million private placement with institutional and accredited investors. The transaction included the sale of 6,329,113 unregistered shares of Class A common stock at $3.95 per share, along with warrants to purchase 2,848,096 additional shares at $5.50 per share.

The offering also included pre-funded warrants at $3.949 per share. The purchase warrants have a five-year exercise period following registration. Leerink Partners served as financial advisor for the placement, which was conducted as a private transaction under Securities Act regulations.

Positive

• Secured $25 million in gross proceeds to strengthen balance sheet
• Attracted top-tier institutional investors showing confidence in company
• Warrants provide potential for additional future funding at $5.50 per share

Negative

• Potential dilution for existing shareholders
• Shares priced at $3.95 represents a discount to market price
• Additional dilution possible if warrants are exercised

News Market Reaction

-12.33%

23 alerts

-12.33% News Effect

-17.9% Trough in 31 hr 9 min

-$31M Valuation Impact

$224M Market Cap

0.9x Rel. Volume

On the day this news was published, IMRX declined 12.33%, reflecting a significant negative market reaction. Argus tracked a trough of -17.9% from its starting point during tracking. Our momentum scanner triggered 23 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $31M from the company's valuation, bringing the market cap to $224M at that time.

Data tracked by StockTitan Argus on the day of publication.

CAMBRIDGE, Mass., Aug. 26, 2025 (GLOBE NEWSWIRE) -- Immuneering Corporation (Nasdaq: IMRX), a clinical-stage oncology company focused on keeping cancer patients alive, today announced the closing of its previously announced private placement. The private placement was made to top-tier institutional and accredited investors, for total up front gross proceeds of approximately $25 million, before deducting fees and expenses.

Immuneering sold: (i) an aggregate of 6,329,113 unregistered shares of the company’s Class A common stock at a purchase price of $3.95 per share (or, for certain investors in lieu of Class A common stock, pre-funded warrants to purchase shares of Class A common stock), and (ii) accompanying purchase warrants to purchase an aggregate of 2,848,096 shares of Class A common stock, with each such warrant representing the right to purchase one share of the company’s Class A common stock at an exercise price of $5.50 per share. The pre-funded warrants were issued for a purchase price equating to $3.949 per pre-funded warrant share (which was the per share purchase price for the Class A common stock less the $0.001 per share unfunded exercise price for each pre-funded warrant). The investors were granted registration rights as part of the transaction. The purchase warrants are exercisable for a period of five years following the date on which the Class A common stock issued and issuable in the transaction are registered for resale.

The offer and sale of the securities was made in a transaction not involving a public offering and the securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. Accordingly, the securities may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

Leerink Partners acted as a financial advisor to Immuneering for the private placement.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or other jurisdiction.

About Immuneering Corporation

Immuneering is a clinical-stage oncology company focused on keeping cancer patients alive. The Company is developing an entirely new category of cancer medicines, Deep Cyclic Inhibitors. Immuneering’s lead product candidate, atebimetinib (IMM-1-104), is an oral, once-daily Deep Cyclic Inhibitor of MEK designed to improve durability and tolerability, and expand indications to include MAPK pathway-driven tumors such as most pancreatic cancers. Atebimetinib is currently in a Phase 2a trial in patients with advanced solid tumors including pancreatic cancer. The Company’s development pipeline also includes early-stage programs. For more information, please visit www.immuneering.com.

Forward-Looking Statements

This press release contains forward-looking statements, including within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding: our plans to develop, manufacture and commercialize our product candidates; the treatment potential of atebimetinib, alone or in combination with other agents, including modified Gemcitabine/nab-paclitaxel (mGnP); and the expected amount and use of proceeds from this financing.

These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: the risks inherent in oncology drug research and development, including target discovery, target validation, lead compound identification, and lead compound optimization; we have incurred significant losses, are not currently profitable and may never become profitable; our projected cash runway; our need for additional funding and ability to continue as a going concern; our unproven approach to therapeutic intervention; our ability to address regulatory questions and the uncertainties relating to regulatory filings, reviews and approvals; the lengthy, expensive, and uncertain process of clinical drug development, including potential delays in or failure to obtain regulatory approvals; our reliance on third parties and collaborators to conduct our clinical trials, manufacture our product candidates, and develop and commercialize our product candidates, if approved; failure to compete successfully against other drug companies; protection of our proprietary technology and the confidentiality of our trade secrets; potential lawsuits for, or claims of, infringement of third-party intellectual property or challenges to the ownership of our intellectual property; our patents being found invalid or unenforceable; costs and resources of operating as a public company; and unfavorable or no analyst research or reports.

These and other important factors discussed under the caption “Risk Factors” in our Quarterly Report on Form 10-Q for the three months ended June 30, 2025, and our other reports filed with the U.S. Securities and Exchange Commission, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, except as required by law, we disclaim any obligation to do so, even if subsequent events cause our views to change. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

Media Contact:
Gina Nugent
Gina.nugent.external@immuneering.com

Investor Contact:
Laurence Watts
619-916-7620
laurence@newstreetir.com

FAQ

What is the size of Immuneering's (IMRX) private placement announced in August 2025?

Immuneering raised $25 million in gross proceeds through a private placement of shares and warrants to institutional and accredited investors.

What is the share price for Immuneering's (IMRX) private placement?

The shares were priced at $3.95 per share, with accompanying warrants exercisable at $5.50 per share.

How many shares did Immuneering (IMRX) sell in the private placement?

Immuneering sold 6,329,113 unregistered shares of Class A common stock and warrants to purchase an additional 2,848,096 shares.

What is the exercise period for the warrants issued in Immuneering's (IMRX) private placement?

The purchase warrants have a five-year exercise period following the date when the shares are registered for resale.

Who acted as financial advisor for Immuneering's (IMRX) private placement?

Leerink Partners acted as the financial advisor to Immuneering for the private placement.