C4 Therapeutics ends ATM prospectus; raised $9.6M on 3.77M shares
C4 Therapeutics, Inc. (CCCC) announced two updates.
Rhea-AI Filing Summary
C4 Therapeutics, Inc. (CCCC) announced two updates. The company posted a presentation with data from its Phase 1 trial of cemsidomide plus dexamethasone in relapsed/refractory multiple myeloma, available on its investor relations site and filed as Exhibit 99.1.
The company also ended its current ATM prospectus. Effective October 16, 2025, the sales agreement prospectus dated November 13, 2024 was terminated. The underlying Sales Agreement with TD Securities (USA) LLC (TD Cowen) remains in effect, and no further common stock sales will be made under that prospectus unless a new prospectus supplement or a new registration statement with sales agreement prospectus is filed. As of June 30, 2025, the company had sold 3,769,483 shares under the Sales Agreement for gross proceeds of approximately $9.6 million before commissions.
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Insights
Administrative ATM reset; no ongoing share sales under old prospectus.
C4 Therapeutics terminated the dated ATM prospectus while keeping the Sales Agreement in place. This pauses additional sales under that document until a new prospectus supplement or registration statement is filed and used.
Previously, the company raised gross proceeds of $9.6M from 3,769,483 shares as of June 30, 2025. The update clarifies that further issuances under the prior prospectus will not occur.
The clinical data presentation for cemsidomide plus dexamethasone is made available via Exhibit 99.1. Actual impact will depend on future disclosures and any new prospectus or registration statement filed.
8-K Event Classification
FAQ
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