Kiniksa Pharmaceuticals, Ltd. Announces Pricing of Upsized Public Offering

HAMILTON, Bermuda, July 21, 2020 (GLOBE NEWSWIRE) -- Kiniksa Pharmaceuticals, Ltd. (Nasdaq: KNSA) (“Kiniksa,” “we,” and “our”) announced today the pricing of its public offering of 5,952,381 Class A common shares at a public offering price of $21.00 per share, before underwriting discounts and commissions. The gross proceeds to Kiniksa from this offering, together with the proceeds of the sale of 1,428,572 Class A1 common shares in a concurrent private placement under Section 4(a)(2) of the Securities Act of 1933, before fees and estimated expenses, are expected to be approximately $155.0 million. In addition, Kiniksa has granted the underwriters a 30-day option to purchase up to 892,857 additional Class A common shares at the public offering price, less underwriting discounts and commissions. The public offering is expected to close on July 24, 2020, subject to customary closing conditions. All of the Class A common shares are being offered by Kiniksa.

Kiniksa intends to use the net proceeds from the public offering and the concurrent private placement to advance the development of its product candidates, to advance commercialization activities and to fund other research and development activities as well as for working capital and general corporate purposes.

Goldman Sachs & Co. LLC, BofA Securities and J.P. Morgan Securities LLC are acting as joint book-running managers for the public offering. Wedbush Securities Inc. is acting as co-manager for the public offering.

Kiniksa has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for the public offering to which this communication relates, which was declared effective on June 10, 2019. Before you invest, you should read the prospectus in that registration statement and other documents Kiniksa has filed with the SEC for more complete information about Kiniksa and the public offering. You may get these documents for free by visiting EDGAR on the SEC’s website located at www.sec.gov.

A final prospectus supplement related to the public offering (including the accompanying prospectus) will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus may also be obtained, when available, from Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282, or by telephone at [phone], or via email at [e-mail]; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255, Attention: Prospectus Department, or via email at [e-mail]; and J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, via telephone: [phone], or via email at [e-mail].