BASEL, Switzerland and CAMBRIDGE, Mass., Oct. 18, 2016 (GLOBE NEWSWIRE) -- CRISPR Therapeutics AG (Nasdaq:CRSP), a
biopharmaceutical company focused on translating CRISPR/Cas9 gene-editing technology into transformative medicines, today announced
the pricing of its initial public offering of 4,000,000 common shares at a public offering price of $14.00 per share. In addition,
CRISPR Therapeutics has granted the underwriters a 30-day option to purchase up to 600,000 additional common shares at the initial
public offering price, less the underwriting discounts and commissions. CRISPR Therapeutics’ common shares are expected to begin
trading on the NASDAQ Global Market under the ticker symbol “CRSP” on October 19, 2016. The offering is expected to close on
October 24, 2016, subject to customary closing conditions.
Citigroup, Piper Jaffray and Barclays are acting as joint book-running managers for the offering. Guggenheim Securities is
acting as co-manager.
In addition to the shares sold in the public offering, CRISPR Therapeutics announced the concurrent sale of an additional
2,500,000 shares at the initial offering price of $14.00, for gross proceeds of $35.0 million, in a private placement to Bayer
Global Investments B.V., an existing shareholder and an affiliate of Bayer HealthCare LLC, a joint venture partner with CRISPR
Therapeutics. The sale of these common shares will not be registered under the Securities Act of 1933, as amended, and will
be subject to a 180-day lock-up agreement.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on
October 18, 2016. The offering will be made only by means of a prospectus. Copies of the final prospectus related to the offering
may be obtained, when available, from: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY, 11717, telephone: 1-800-831-9146; Piper Jaffray & Co., Attn: Prospectus Department, 800 Nicollet Mall, J12S03,
Minneapolis, MN 55402, Email: prospectus@pjc.com, or telephone at (800) 747-3924; or Barclays Capital Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (888) 603-5847, email:
Barclaysprospectus@broadridge.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall
there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such state or jurisdiction.
About CRISPR Therapeutics
CRISPR Therapeutics is a leading gene-editing company focused on the development of transformative gene-based medicines for
serious diseases using its proprietary CRISPR/Cas9 gene-editing platform.
INVESTOR CONTACT: Chris Brinzey Westwicke Partners for CRISPR Therapeutics 339-970-2843 chris.brinzey@westwicke.com MEDIA CONTACT: Jennifer Paganelli W2O Group for CRISPR Therapeutics 347-658-8290 jpaganelli@w2ogroup.com
