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Red Flags Detected

  • Dilution Per Share to New Investors In This Offering: $2.46 (new) — New investors will experience immediate dilution of $2.46 per share, representing a significant gap between the offering price and net tangible book value per share.
  • 1,025,000 Pre-funded Warrants Outstanding At $0.0001 Exercise Price (new) — The company has 1,025,000 pre-funded warrants with a nominal exercise price, effectively equivalent to common stock, which will cause significant dilution when exercised.
NASDAQ: CRBP Corbus Pharmaceuticals Holdings, Inc. 424B5

Corbus Pharmaceuticals launches up to $127.5M at-the-market offering; shares priced at market, $9.40 reference

Filed August 7, 2026 · ~2 min read

Key Changes

  • high

    Corbus may sell up to $127.5M of common stock in an at-the-market offering through Jefferies, with shares sold at prevailing market prices.

    The Offering verify on EDGAR →
  • high

    Implied post-offering market capitalization is $310.0M, based on 32,974,034 shares outstanding at the $9.40 reference price.

    The Offering verify on EDGAR →
  • medium

    Net proceeds fund development of CRB-701, CRB-913, other pre-clinical compounds, and general corporate purposes; no specific allocation amounts are set.

    Use of Proceeds verify on EDGAR →

4 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 1, 2026 · How we verify