Morningstar

Crispr Therapeutics Falls on $350 Million Senior Note Private Placement

Provided by Dow Jones Mar 10, 2026, 2:58:00 PM

By Elias Schisgall

Shares of Crispr Therapeutics were lower after the company said it would raise $350 million through a private offering of senior notes.

The stock was down 7.3% at $54.49 in Tuesday morning trading. The stock has gained 25% in the past year.

The biopharmaceutical company, which focuses on gene-based medicines, said it plans to sell the convertible senior notes, due 2031, in a private offering to qualified institutional buyers. It said it will use the proceeds for general corporate purposes.

Initial purchasers of the notes will have a 13-day option to buy an additional $52.5 million in senior notes, the company said.

The notes will accrue interest payable on March 1 and Sept. 1 of each year, beginning Sept. 1 2026, and ending March 1, 2031. Notes can also be converted into common shares.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

March 10, 2026 10:58 ET (14:58 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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