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Corvus Pharmaceuticals Announces Closing of Public Offering of Common StockBURLINGAME, Calif., March 12, 2018 (GLOBE NEWSWIRE) -- Corvus Pharmaceuticals, Inc. (NASDAQ:CRVS), a clinical-stage biopharmaceutical company focused on the development and commercialization of small molecule and antibody agents that precisely target crucial enzymes and proteins in the immune system to treat patients with cancer, today announced the completion of its previously announced underwritten public offering of 8,117,647 shares of its common stock, which includes the exercise in full by the underwriters of their option to purchase an additional 1,058,823 shares of common stock, at a price to the public of $8.50 per share. All shares in the offering were sold by Corvus, with gross proceeds to Corvus of $69.0 million and net proceeds of approximately $64.8 million, after deducting underwriting discounts and commissions and estimated offering expenses. Credit Suisse and Jefferies are acting as joint bookrunning managers for the offering. Guggenheim Securities is acting as lead manager and Wedbush PacGrow is acting as co-manager. A registration statement relating to the securities being sold in this offering was declared effective by the Securities and Exchange Commission on June 9, 2017. The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from: Credi Suisse Securities (USA) LLC, Attn: Prospectus Dept., One Madison Avenue, New York, NY 10010, by telephone at 800-221-1037 or by email at [email protected]; or Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at 877-821-7388 or by email at [email protected]. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification of these securities under the securities laws of any such state or jurisdiction. About Corvus Pharmaceuticals Tecentriq® is a registered trademark of Genentech. Investor Contact: Media Contact: |