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NASDAQ: MLYS Mineralys Therapeutics, Inc. 424B5

Mineralys Therapeutics prices $150M offering at $26.50/share to fund Tanabe royalty buyback

Filed June 3, 2026 · ~1 min read

Offering filing cluster

Same offering
  1. 424B5 Jun 3, 2026 This filing EDGAR →
  2. 8-K Jun 3, 2026 Mineralys buys out lorundrostat royalties for $200M, secures $500M debt facility EDGAR →

Key Changes

  • high

    Offering 5.7M shares at $26.50/share (below $28.85 last market price) for $150M gross proceeds; net proceeds $143.3M after underwriting discount.

    The Offering verify on EDGAR →
  • high

    Proceeds will fund part of $200M upfront payment to repurchase royalty obligation under Tanabe license agreement.

    Risk Factors verify on EDGAR →
  • high

    Implied post-offering market cap $2.3B ($26.50 offer price × 88.1M shares outstanding after offering).

    The Offering verify on EDGAR →

3 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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Source-verified from EDGAR · Narrative written by AI · Jul 8, 2026 · How we verify