|We estimate that the net proceeds to us from this offering, after deducting the underwriting discounts and commissions and estimated offering expenses payable by us, will be approximately $46.8 million, or approximately $53.8 million if the underwriters exercise their option to purchase additional shares from us in full. We believe that the net proceeds to us from this offering, together with our existing cash, cash equivalents and investments, will enable us to fund our operations into the second quarter of 2019. We plan to use the net proceeds from this offering, together with our existing cash, cash equivalents and investments, to advance the development of IMO-2125 in our immuno-oncology program and for working capital and other general corporate purposes.|
Participation of principal stockholders
Entities affiliated with two of our directors, Julian C. Baker and Dr. Kelvin M. Neu, have indicated an interest in purchasing up to an aggregate of
8,000,000 shares of the common stock offered in this offering at the price offered to the public. Because these indications are not binding agreements or commitments to purchase, any or all of these entities may elect not to purchase any shares in this offering, or the underwriters may elect not to sell any shares in this offering to any or all of these entities.
"Let us sing the praises of Nanak, King of kings of both worlds . The whole world is His temple, congregations sing sweet songs in His praise Millions of goddesses kindle holy lights in His honor All the gods sing psalms of His praises All wash His lotus feet The Sun and moon illuminate Him with their radiance He is garlanded with mountains of flowers The True Master, the fountain of Light is merciful to the poor The king of the winds fans Him while saints and sages meditate on His holiness The whole universe vibrates with His celestial song The bells ring out - Onkar Continuously illuminating the heavens He is one with God whose name is Truth In Nanak saints find their support Siri Chand, Nanak's son, declares Nanak is unattainable, unfathomable, unshakeable and pure Whoever sings Emperor Nanak's praises resides in heaven and achieves complete salvation Oh kind master: give protection to those who seek your shelter. Oh Nanak: You are the savior we are just your children