Century Therapeutics (IPSC) files $150M ATM shelf with TD Cowen
Century Therapeutics is registering up to $150,000,000 of common stock for sale in an at-the-market offering through TD Cowen pursuant to an existing sales agreement.
The prospectus supplement states 87,519,096 shares outstanding as of December 31, 2025, after giving effect to the January 2026 private placement. Sales will be made from time to time at market prices, TD Cowen will receive a 3.0% commission, and proceeds will be received by the issuer.
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Insights
ATM shelf registers up to $150M to raise flexible capital.
The prospectus supplement reoffers an existing Sales Agreement permitting at-the-market sales through TD Cowen with aggregate capacity of $150,000,000. The supplement notes prior sales of $18,380,259, leaving $131,619,741 available under this filing.
Execution will depend on market conditions and issuer instructions; timing and ultimate proceeds are variable and not fixed by the filing.
Proceeds intended for R&D, clinical and manufacturing activities.
The company states net proceeds will be used for general corporate purposes, including research, clinical development, process development, manufacturing, working capital and capital expenditures. The filing confirms proceeds are to the issuer and not placed in escrow.
Management has broad discretion over use of proceeds; investors will face immediate dilution per the dilution table in the supplement.
TD Cowen acts as sales agent and will be an underwriter for Securities Act purposes.
The Plan of Distribution describes TD Cowen’s role as sales agent under the Sales Agreement dated July 1, 2022, with a 3.0% fee and indemnification provisions for the firm. Sales are "at the market" under Rule 415(a)(4).
The filing also incorporates risk factors and cross-references prior SEC filings; investor protections and disclosure follow standard shelf/ATM conventions.
Common Stock
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ABOUT THIS PROSPECTUS SUPPLEMENT
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PROSPECTUS SUPPLEMENT SUMMARY
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THE OFFERING
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RISK FACTORS
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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USE OF PROCEEDS
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DILUTION
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PLAN OF DISTRIBUTION
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LEGAL MATTERS
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EXPERTS
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WHERE YOU CAN FIND MORE INFORMATION
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INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
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ABOUT THIS PROSPECTUS
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WHERE YOU CAN FIND MORE INFORMATION
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INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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ABOUT THE COMPANY
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RISK FACTORS
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USE OF PROCEEDS
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SECURITIES THAT MAY BE OFFERED
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DESCRIPTION OF CAPITAL STOCK
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DESCRIPTION OF DEBT SECURITIES
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DESCRIPTION OF WARRANTS
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DESCRIPTION OF UNITS
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DESCRIPTION OF OUR SUBSCRIPTION RIGHTS
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GLOBAL SECURITIES
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PLAN OF DISTRIBUTION
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LEGAL MATTERS
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EXPERTS
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by us
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Assumed public offering price per share
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| | | | | | | | | $ | 2.07 | | |
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Net tangible book value per share as of December 31, 2025
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| | | $ | 1.43 | | | | | | | | |
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Pro forma net tangible book value per share as of December 31, 2025, after giving effect to the 2026 Private Placement
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| | | $ | 1.40 | | | | | | | | |
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Increase in pro forma net tangible book value per share attributable to new investors purchasing shares in this offering
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| | | $ | 0.16 | | | | | | | | |
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Pro forma as adjusted net tangible book value per share as of December 31, 2025 after giving effect to our 2026 Private Placement and this offering
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| | | | | | | | | $ | 1.56 | | |
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Dilution per share to investors in this offering
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| | | | | | | | | $ | 0.51 | | |
25 North 38th Street, 11th Floor
Philadelphia, Pennsylvania 19104
(267) 817-5790
Attention: Corporate Secretary
Preferred Stock
Debt Securities
Warrants
Units
Subscription Rights
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ABOUT THIS PROSPECTUS
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WHERE YOU CAN FIND MORE INFORMATION
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INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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ABOUT THE COMPANY
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RISK FACTORS
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USE OF PROCEEDS
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SECURITIES THAT MAY BE OFFERED
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DESCRIPTION OF CAPITAL STOCK
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DESCRIPTION OF DEBT SECURITIES
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DESCRIPTION OF WARRANTS
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DESCRIPTION OF UNITS
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DESCRIPTION OF OUR SUBSCRIPTION RIGHTS
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GLOBAL SECURITIES
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PLAN OF DISTRIBUTION
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LEGAL MATTERS
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EXPERTS
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FAQ
What is Century Therapeutics (IPSC) registering with this prospectus supplement?
How will Century Therapeutics (IPSC) sell the registered shares?
Who receives the proceeds from sales under this prospectus supplement (IPSC)?
How many shares outstanding does Century Therapeutics (IPSC) report as context for dilution?
What will Century Therapeutics (IPSC) use net proceeds for?