Septerna, Inc. Announces Pricing of Upsized IPO

Septerna, Inc. (Nasdaq: SEPN) today announced the pricing of its upsized initial public offering (IPO) of 16,000,000 shares of its common stock at a public offering price of $18.00 per share.

In addition, Septerna has granted the underwriters a 30-day option to purchase up to an additional 2,400,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. All shares are being offered by Septerna, and the common stock is expected to begin trading on the Nasdaq Global Market on October 25, 2024, under the ticker symbol SEPN.

The gross proceeds from the offering are expected to be $288.0 million, before deducting underwriting discounts, commissions, and other offering expenses. The offering is expected to close on October 28, 2024, subject to customary closing conditions.

J.P. Morgan, TD Cowen, Cantor, and Wells Fargo Securities are acting as joint bookrunners for the offering.

A registration statement relating to the shares sold in the initial public offering has been filed with the Securities and Exchange Commission and was declared effective on October 24, 2024. The offering is being made only by means of a prospectus.

A copy of the final prospectus, when available, may be obtained from:
– J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717
Email: prospectus-eq_fi@jpmchase.com
Email: postsalemanualrequests@broadridge.com
– TD Securities (USA) LLC
1 Vanderbilt Avenue, New York, New York 10017
Phone: (855) 495-9846
Email: TD.ECM_Prospectus@tdsecurities.com
– Cantor Fitzgerald & Co.
Attention: Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022
Email: prospectus@cantor.com
– Wells Fargo Securities, LLC
90 South 7th Street, 5th Floor, Minneapolis, Minnesota 55402
Phone: (800) 645-3751 (option #5)
Email: WFScustomerservice@wellsfargo.com

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.