Capital Raise

Runway Growth Finance Corp. has launched an offering of unsecured notes to refinance existing debt, fund the SWK Holdings acquisition, and support general corporate purposes. The notes are intended for listing on Nasdaq, with trading expected to begin within 30 days of issuance. Details on interest rates and terms are pending. Investors should consult the prospectus for risks and objectives. The company, a BDC, aims to optimize its capital structure for strategic growth.

Erasca, Inc. has priced an upsized public offering of common stock, securing $225 million in gross proceeds. This capital infusion, at $10.00 per share, will advance the company’s pipeline of therapies for RAS/MAPK pathway-driven cancers. The funds are earmarked for research and development, supporting product candidates, and general corporate purposes, reflecting strong investor confidence.

High Roller Technologies (ROLR) successfully priced a registered direct offering, raising approximately $25 million. The funds will fuel sales, marketing, geographic expansion, product development, and working capital. This offering, managed by ThinkEquity, is part of ROLR’s strategic growth in iGaming, leveraging its online casino brands and partnerships. While recent news has caused stock volatility, this capital infusion aims to enhance its market position and product offerings, though it introduces dilution for existing shareholders. Investors will watch closely how the company deploys these funds.

Ondas Holdings Inc. successfully raised approximately $959.2 million in net proceeds through a registered direct offering. The offering, which included common stock equivalents and warrants, was priced at a premium, signaling strong investor confidence. The capital will fuel corporate development, including strategic acquisitions and investments to drive growth in autonomous systems and private wireless solutions. This substantial funding positions Ondas for expansion and innovation, with potential for an additional $3.4 billion in gross proceeds if warrants are exercised.

Arrowhead Pharmaceuticals successfully raised $625 million through convertible notes and common stock offerings. This substantial capital infusion will fund pipeline development, operations, and potential product launches. The offerings include 0.00% convertible senior notes due 2032 and common stock, with underwriters having options to purchase additional securities. The company also utilized capped call transactions to mitigate potential dilution from note conversions. Proceeds will support R&D, clinical trials, and general corporate purposes.

Globavend Holdings has priced a registered direct offering to raise approximately $1.4 million, intended for working capital and general corporate purposes. Despite the modest sum, the company’s stock fell over 29% following the announcement, reflecting investor sensitivity to equity raises and potential dilution. This trend echoes past negative reactions to previous financing activities. Globavend, an e-commerce logistics provider, aims to leverage this capital to navigate market conditions and pursue strategic opportunities, though investor confidence remains a key factor for future success.

PennyMac Mortgage Investment Trust is raising $75 million through an offering of 8.500% Exchangeable Senior Notes due 2029. These notes are guaranteed by the parent company and are exchangeable into PMT common shares at a premium. Proceeds will fund strategic initiatives, including repaying debt and general corporate purposes, bolstering the company’s balance sheet in a dynamic market.

ITT Inc. announced a public offering of 7 million shares at $167 each, with a 30‑day option for an additional 1.05 million shares, expecting net proceeds of about $1.14 billion. Proceeds will largely fund the planned acquisition of SPX FLOW, Inc., with surplus allocated to general corporate purposes, debt reduction, and strategic investments. Lead underwriters include Goldman Sachs and UBS, supported by multiple other banks. The offering, filed under ITT’s automatic shelf registration, reflects investor confidence in the company’s growth and the strategic synergy of the SPX FLOW acquisition.

Nevada Sunrise (NVSGF) closed a $650,000 private placement, issuing 13,000,000 units at $0.05 each, comprised of a share and a warrant. Due to investor demand, the offering was upsized from $600,000. Net proceeds will fund Nevada exploration, property investigations, and working capital. Securities are subject to a hold until March 7, 2026. Canaccord Genuity received cash and finder’s warrants. The offering awaits TSX Venture Exchange acceptance and is not registered in the U.S.

Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) plans a C$4.03M non-brokered private placement for exploration, especially at the Falcon West cesium project. The financing involves two tranches of common and flow-through shares. Funds will also support Bird River Belt targets and general corporate purposes. A strategic investor may gain governance rights, including a board nomination. Notably, Manitoba purchasers of flow-through shares are eligible for a 30% exploration tax credit. The offerings are subject to regulatory approvals.