Vir Biotechnology prices $8.50 stock offering

Vir Biotechnology, Inc. is offering 17,647,059 shares of common stock at $8.50 per share under an underwriting agreement with Goldman Sachs, Leerink Partners, Evercore and Barclays.

Accepted by SEC EDGAR 02/26/2026 - 05:20 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Vir Biotechnology, Inc. is offering 17,647,059 shares of common stock at $8.50 per share under an underwriting agreement with Goldman Sachs, Leerink Partners, Evercore and Barclays. The offering is expected to close on February 27, 2026, subject to customary conditions.

The underwriters have a 30-day option to buy up to an additional 2,647,058 shares at the public offering price. Vir Biotechnology expects net proceeds of approximately $141.1 million, or about $162.3 million if the option is fully exercised, after underwriting discounts, commissions and estimated expenses.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity offering did VIR announce in this 8-K filing?

Vir Biotechnology announced a public offering of 17,647,059 shares of common stock at $8.50 per share. The deal is underwritten by major banks and is expected to close on February 27, 2026, subject to customary closing conditions and documentation.

How much cash does Vir Biotechnology (VIR) expect from this stock sale?

Vir Biotechnology expects net proceeds of about $141.1 million from the base offering. If underwriters fully exercise their option to buy additional shares, expected net proceeds rise to approximately $162.3 million, after underwriting discounts, commissions and estimated offering expenses.

Do underwriters have an option to buy more VIR shares in this deal?

Yes. Underwriters received a 30-day option to purchase up to 2,647,058 additional shares of Vir Biotechnology common stock at the same public offering price. This so‑called overallotment option can increase total proceeds if fully exercised within the option period.

What registration statement is Vir Biotechnology (VIR) using for this offering?

The shares are being sold under an effective Form S-3ASR registration statement filed November 3, 2023, with file number 333-275314. The transaction uses that base prospectus together with a prospectus supplement dated February 25, 2026, describing the specific terms.

Which banks are underwriting Vir Biotechnology’s new stock offering?

Goldman Sachs & Co. LLC, Leerink Partners LLC, Evercore Group L.L.C. and Barclays Capital Inc. are acting as joint bookrunning underwriters. They entered an underwriting agreement with Vir Biotechnology that includes customary representations, covenants, conditions to closing and indemnification provisions.

When is Vir Biotechnology’s new share offering expected to close?

The offering is expected to close on February 27, 2026, provided customary closing conditions are met. These conditions, set out in the underwriting agreement, typically include delivery of legal opinions, officer certificates and no occurrence of specified adverse events before closing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 25, 2026

Vir Biotechnology, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware		001-39083		81-2730369
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1800 Owens Street, Suite 900
San Francisco, California		94158
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: (415) 906-4324

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, $0.0001 par value		VIR		Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

On February 25, 2026, Vir Biotechnology, Inc. (Vir Bio) entered into an underwriting agreement (the Underwriting Agreement) with Goldman Sachs & Co. LLC, Leerink Partners LLC, Evercore Group L.L.C. and Barclays Capital Inc., as representatives of the several underwriters named in Schedule I thereto (the Underwriters), in connection with the offer and sale by Vir Bio of 17,647,059 shares of common stock of Vir Bio, par value $0.0001 per share (Common Stock), at a price to the public of $8.50 per share (the Offering). The Offering is expected to close on February 27, 2026, subject to the satisfaction of customary closing conditions.

Pursuant to the terms of the Underwriting Agreement, Vir Bio granted the Underwriters an option, exercisable for 30 days, to purchase up to an additional 2,647,058 shares of Common Stock at the public offering price.

Vir Bio expects to receive net proceeds from the Offering of approximately $141.1 million, or approximately $162.3 million if the Underwriters exercise in full their option to purchase additional shares, after deducting underwriting discounts and commissions and estimated Offering expenses.

The shares are being offered and sold by means of an effective registration statement on Form S-3ASR, including a base prospectus, filed with the U.S. Securities and Exchange Commission on November 3, 2023 (File No. 333-275314), and a prospectus supplement dated February 25, 2026.

The Underwriting Agreement contains customary representations, warranties and covenants by Vir Bio, customary conditions to closing and indemnification obligations of Vir Bio and the Underwriters against certain liabilities. The representations, warranties and covenants contained in the Underwriting Agreement were made only for purposes of such agreement and as of specific dates and were solely for the benefit of the parties to such agreement. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to a copy of the Underwriting Agreement, which is filed herewith as Exhibit 1.1 and is incorporated herein by reference.

The legal opinion, including the related consent, of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP relating to the validity of the shares of the Common Stock in the Offering is filed as Exhibit 5.1 hereto.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit  No.		Description
1.1		Underwriting Agreement dated as of February 25, 2026, among Vir Biotechnology, Inc. and Goldman Sachs & Co. LLC. Leerink Partners LLC, Evercore Group L.L.C. and Barclays Capital Inc., as representatives of the underwriters named therein.
5.1		Opinion and Consent of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP.
23.1		Consent of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP (included in Exhibit 5.1).
104		Cover Page Interactive Data File (formatted as inline XBRL)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						VIR BIOTECHNOLOGY, INC.
Date: February 26, 2026				By:		/s/ Marianne De Backer
						Marianne De Backer, M.Sc., Ph.D., MBA Chief Executive Officer

Filing Exhibits & Attachments

5 documents

Other Documents

• EX-1.1 EX-1.1 193.8 KB
• EX-5.1 EX-5.1 8.1 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 17.6 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.0 KB