Walder Wyss advises CRISPR on USD 350 Million Share Sale Program (ATM)
16 December 2020 – On 11 December 2020, CRISPR Therapeutics AG, Switzerland (Nasdaq: CRSP) (CRISPR) announced subsequent sales under the Open Market Sale AgreementSM with Jefferies LLC (Jefferies), under which CRISPR may offer and sell, from time to time at its sole discretion through Jefferies (as its sales agent), common shares having an aggregate offering price of up to USD 350 million. The sales will be made by any method that is deemed an “at the market offering” (ATM) under the US Securities Act.
CRISPR is a leading gene editing company focused on developing transformative gene-based medicines for serious diseases using its proprietary CRISPR/Cas9 platform. CRISPR/Cas9 is a revolutionary gene editing technology that allows for precise, directed changes to genomic DNA. CRISPR is headquartered in Zug, Switzerland. CRISPR’s common shares are listed on the Nasdaq.
Walder Wyss has acted as Swiss counsel to CRISPR in connection with the transaction. The team is being led by Alex Nikitine (Partner, Corporate/M&A, Capital Markets) and further includes Rafael Zemp (Managing Associate, Corporate/M&A, Capital Markets), Christian Lütolf (Managing Associate, Corporate/M&A), Maurus Winzap (Partner, Tax) and Janine Corti (Counsel, Tax).