ImmixBio Prices 19.1M Shares at $5.10, Raising $100M
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
Updated: 1 hour ago0mins
- Offering Size: ImmixBio announced the pricing of 19,117,646 shares at $5.10 each, raising approximately $100 million, which will significantly support the company's operational needs and the development of NXC-201.
- Use of Proceeds: The net proceeds from this offering will be combined with existing cash to fund NXC-201 development and general corporate purposes, ensuring sufficient operational capital through mid-2027, thereby enhancing the company's financial stability.
- Underwriting Arrangement: Morgan Stanley acts as the sole book-running manager for the offering, with Citizens Capital Markets and Mizuho as co-managers, reflecting strong market confidence and support for ImmixBio.
- Registration Statement: The securities are being offered under a “shelf” registration statement filed in January 2023, ensuring compliance and laying the groundwork for future capital market activities.
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Analyst Views on IMMX
Wall Street analysts forecast IMMX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IMMX is 8.00 USD with a low forecast of 8.00 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 4.840
Low
8.00
Averages
8.00
High
8.00
Current: 4.840
Low
8.00
Averages
8.00
High
8.00
H.C. Wainwright
H.C. Wainwright
Buy
maintain
$7 -> $8
2025-09-12
Reason
H.C. Wainwright
H.C. Wainwright
Price Target
$7 -> $8
2025-09-12
maintain
Buy
Reason
H.C. Wainwright raised the firm's price target on Immix Biopharma to $8 from $7 and keeps a Buy rating on the shares after the company received a strategic investment from Goose Capital and former Tanox CEO Dr. Nancy Chang. The capital provides for an operational runway into Q2 of 2026 for Immix, the analyst tells investors in a research note.
HC Wainwright & Co.
Robert Burns
Strong Buy
Reiterates
$7
2025-02-10
Reason
HC Wainwright & Co.
Robert Burns
Price Target
$7
2025-02-10
Reiterates
Strong Buy
Reason
HC Wainwright & Co.
Robert Burns
Strong Buy
Reiterates
$7
2025-01-06
Reason
HC Wainwright & Co.
Robert Burns
Price Target
$7
2025-01-06
Reiterates
Strong Buy
Reason
See All Ratings
About IMMX
Immix Biopharma, Inc. is a clinical-stage biopharmaceutical company. The Company is focused on the application of chimeric antigen receptor cell therapy (CAR- T) in light chain (AL) Amyloidosis and select immune-mediated diseases. The Company's lead cell therapy candidate CAR-T NXC-201 (NXC-201), which is being evaluated in its ongoing United States Phase Ib/II NEXICART-2 (NCT06097832) clinical trial. Its lead program, NXC-201 is a next generation CAR-T targeting B-cell maturation antigen. CAR-T cell therapy is a type of immunotherapy that uses the patient’s own immune cells, modified with its proprietary technology. Its N-GENIUS cell engineering platform with EXPAND technology has produced clinical-stage CAR-T NXC-201, targeting B cell maturation antigen, which is autologous CAR-T being developed to treat AL Amyloidosis.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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