OmniAb to raise $30M in private stock placement

OmniAb (NASDAQ:OABI) has entered into a definitive agreement for a private placement of its common stock to raise approximately $30 million in gross proceeds. The company will issue and sell a total of 21,254,106 shares at a price of $1.40 per share.

The company expects to use the net proceeds for general corporate purposes, with the deal anticipated to close around August 26, 2025.

The financing included top-tier new and existing investors, as well as officer and director participation, the company noted.

OABI stock were down 10.81% in premarket trade on Monday.