Recursion Pharmaceuticals (NASDAQ: RXRX), a clinical-stage company focused on AI-enabled drug discovery, priced an underwritten offering of 61,540,000 Class A common shares at $3.25 each, all sold by the company. Before underwriting discounts and expenses, it expects gross proceeds of about $200 million, with closing expected on or about October 16, 2026. Leerink Partners, Goldman Sachs, Morgan Stanley and Evercore are joint bookrunning managers, and Needham & Company is lead manager. Participating investors include Janus Henderson Investors, Invus, ARK Invest and Driehaus Capital Management, and the release does not constitute an offer to sell securities.
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