SOUTH SAN FRANCISCO, Calif., May  06, 2026  (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (NASDAQ:CYTK) today announced the pricing of an underwritten public offering of 9,859,155 shares of its common stock at a price

CYTK

Cytokinetics Announces Pricing of Upsized Public Offering of Common Stock

Cytokinetics Initiates $700 Million Public Offering of Common Stock

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>SOUTH SAN FRANCISCO, Calif., May  06, 2026  (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (NASDAQ:CYTK) today announced the pricing of an underwritten public offering of 9,859,155 shares of its common stock at a price</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Cytokinetics has announced a public offering of approximately 9.86 million shares at $71 each, aiming to raise about $700 million. The offering, which closes on May 8, will enhance its capital position to support pipeline developments, potentially impacting its valuations positively.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Cytokinetics priced a public offering of 9.86 million shares at $71 each.</li><li>The offering aims to raise approximately $700 million before expenses.</li><li>Deal expected to close on May 8, 2026, pending conditions.</li><li>Underwriters have a 30-day option for additional shares purchase.</li><li>Cytokinetics has a strong pipeline including MYQORZO and ulacamten.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Morgan Stanley (MS)</strong>: Joint book-running manager for the offering.</li><li><strong>Goldman Sachs (GS)</strong>: Joint book-running manager for the offering.</li><li><strong>J.P. Morgan (JPM)</strong>: Joint book-running manager for the offering.</li><li><strong>Jefferies (JEF)</strong>: Joint book-running manager for the offering.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This article fits under &#039;Corporate Developments&#039; as it announces a significant capital-raising event that indicates company growth strategy and potential funding for product development.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The $700 million capital raise could strengthen CYTK&#039;s balance sheet and funding for clinical trials.</li><li>Potential dilution from the share offering could temporarily impact the stock price.</li><li>Investors may react positively if funds are allocated to promising pipeline projects.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Cytokinetics is offering 9,859,155 shares at $71 each.</li><li>Expected to raise about $700 million before expenses.</li><li>Offering closure set for May 8, 2026.</li><li>Underwriters have an option for an additional 1,478,873 shares.</li><li>Cytokinetics actively develops drugs for cardiac muscle dysfunction.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investing in CYTK is favorable as increased capital may accelerate growth initiatives.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">SOUTH SAN FRANCISCO, Calif., May  06, 2026  (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/CYTK">CYTK</a>) today announced the pricing of an underwritten public offering of 9,859,155 shares of its common stock at a price to the public of $71.00 per share, before underwriting discounts and commissions. The gross proceeds to Cytokinetics from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Cytokinetics, are expected to be approximately $700 million. The offering is expected to close on May 8, 2026, subject to customary closing conditions. Additionally, Cytokinetics has granted the underwriters a 30-day option to purchase up to an additional 1,478,873 shares of its common stock at the public offering price, less underwriting discounts and commissions. All of the shares of common stock in the offering will be sold by Cytokinetics.</p>  <p align="justify">Morgan Stanley, Goldman Sachs &amp; Co. LLC, J.P. Morgan and Jefferies are acting as joint book-running managers for the offering. Mizuho is acting as lead co-manager for the offering and Citizens Capital Markets, Needham &amp; Company, B. Riley Securities and H.C. Wainwright &amp; Co. are acting as co-managers for the offering.</p>  <p align="justify">The securities described above are being offered by Cytokinetics pursuant to a shelf registration statement (including a base prospectus) filed on February 27, 2025 with the Securities and Exchange Commission (SEC), which has become automatically effective. A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed, and a final prospectus supplement and accompanying prospectus relating to the offering will be filed, with the SEC and can be accessed for free on the SEC's website at <a href="https://www.globenewswire.com/Tracker?data=a84MCRkMTT3NtMhqTNBBP2Msul-ATbXWInPHtE9HT9fkaFZQlav7AJ_qnU01LjxSFSYd8ZJny25k7QNsStzqUQ==" rel="nofollow" target="_blank">http://www.sec.gov.</a> Copies of the final prospectus supplement and accompanying prospectus relating to the offering, when available, may be obtained from: Morgan Stanley &amp; Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2<sup>nd</sup> Floor, New York, New York 10014, by telephone at 866-718-1649 or by email at <a href="https://www.globenewswire.com/Tracker?data=29uWXKbIzZOqeu6NtAGfDCcGn0SXmQTVmlH9rFQ-CS6xjfnTH9Csqr9qtGLLVo-CWAlCudaODvC_0Z_IXqV0HJ_JIYfrU2Dd4invD1hsq804t50hYGNhosgAJMzpq9Hq" rel="nofollow" target="_blank">prospectus@morganstanley.com;</a> Goldman Sachs &amp; Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at (866) 471-2526 or by email at <a href="https://www.globenewswire.com/Tracker?data=s4qkXVDL_6SPruHT8kH4PKySSMXJyYt0-xcZDFTcwFCVXGD5FUC7e9m7l5nB1vQjPGLpDfKTuLkAKUBv2jOWU35JEwtIQAyKqCDjm5emd0u-DWskOyMFwq6s0uuSAg-E" rel="nofollow" target="_blank">Prospectus-ny@ny.email.gs.com</a>; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by email at <a href="https://www.globenewswire.com/Tracker?data=29uWXKbIzZOqeu6NtAGfDD4-7DrkAawClRG4VgMPTsSYgBlPTL2iI2bBiaZWrs9CppqupO6_e4phnX9K1xiIRD3I-rjfc-RcyX_TJlUc93iTeeK7Dbm1G3P_0rk0ZOO2" rel="nofollow" target="_blank">prospectus-eq_fi@jpmchase.com</a> and <a href="https://www.globenewswire.com/Tracker?data=NLii9YAgvhcSBdW2-lIqYU-yW8ntNMVctWyp1xKdyb3TGMCRj_x62blhvkWaofwryxvqwc6phvNLf-4S-QB9kmIiElbo0zlGYQzuS2UwV0ZzgGE1m6dG3vF99QYB5UGyYanWF20OOw57mpZWE7yOTw==" rel="nofollow" target="_blank">postsalemanualrequests@broadridge.com</a>; or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388, or by email at <a href="https://www.globenewswire.com/Tracker?data=s4qkXVDL_6SPruHT8kH4PCBqpRyCmeMlH2yU5_BMbfgFM_OilCKdPITQwWZ4Vg_P3rJw9hhrIHDg1J5LviL-WennTiEeJsYb-MG8nRkGhDnikKWd5DhCGEN23bJdRdWCy45Vg6OA2x2NIsAyPX43Xw==" rel="nofollow" target="_blank">Prospectus_Department@Jefferies.com</a>.</p>  <p align="justify">This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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.</p>  <p align="justify"><strong>About</strong> <strong>Cytokinetics</strong></p>  <p align="justify">Cytokinetics is a specialty cardiovascular biopharmaceutical company, building on its over 25 years of pioneering scientific innovations in muscle biology, and advancing a pipeline of potential new medicines for patients suffering from diseases of cardiac muscle dysfunction. Cytokinetics' MYQORZO<sup>&#xAE;</sup> (<em>aficamten</em>) is a cardiac myosin inhibitor approved in the U.S., Europe and China for the treatment of adults with symptomatic obstructive hypertrophic cardiomyopathy (oHCM). Cytokinetics is also developing <em>omecamtiv mecarbil</em>, an investigational cardiac myosin activator for the potential treatment of patients with heart failure with severely reduced ejection fraction and <em>ulacamten</em>, an investigational cardiac myosin inhibitor for the potential treatment of heart failure with preserved ejection fraction, while continuing pre-clinical research and development in muscle biology.</p>  <p align="justify"><strong>Forward-Looking</strong> <strong>Statements</strong></p>  <p align="justify">This press release contains forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the Act). Cytokinetics disclaims any intent or obligation to update these forward-looking statements and claims the protection of the Act's Safe Harbor for forward-looking statements. Examples of such statements include, but are not limited to, statements relating to Cytokinetics' expectations regarding the completion of the offering. Such statements are based on management's current expectations, but actual results may differ materially due to various risks and uncertainties, including, but not limited to, risks and uncertainties related to market and other conditions, and the satisfaction of customary closing conditions related to the public offering. There can be no assurance that Cytokinetics will be able to complete the public offering on the anticipated terms, or at all. You should not place undue reliance on these forward-looking statements. Additional risks and uncertainties relating to the public offering, Cytokinetics and its business can be found under the heading "Risk Factors" in Cytokinetics' Annual Report on Form 10-K for the year ended December 31, 2025, which was filed on February 26, 2026, Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, which was filed on May 5, 2026, and other filings with the SEC, and in the preliminary prospectus supplement related to the public offering, filed with the SEC on May 5, 2026. Any forward-looking statements that Cytokinetics makes in this press release speak only as of the date of this press release. Cytokinetics assumes no obligation to update its forward-looking statements whether as a result of new information, future events or otherwise, after the date of this press release.</p>  <p>Contact:<br></br>Cytokinetics <br></br>Diane Weiser<br></br>Senior Vice President, Corporate Affairs<br></br>(415) 290-7757</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxNTE4OCM3NTg5Mzg1IzIwMDUxMDM="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZWRkZDcyZjctYzM3Yy00NjcwLWEyYTAtYjU2MWIxODdiZDkzLTEwMTY2NzYtMjAyNi0wNS0wNy1lbg==/tiny/Cytokinetics-Incorporated.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/52e2be9f-e9e3-43af-a747-123fdcac4253"><img src="https://ml.globenewswire.com/media/52e2be9f-e9e3-43af-a747-123fdcac4253/small/cytokinetics-png.png" border="0" width="150" height="66" alt="Primary Logo"></img></a></p>

Cytokinetics has announced a public offering of approximately 9.86 million shares at $71 each, aiming to raise about $700 million. The offering, which closes on May 8, will enhance its capital position to support pipeline developments, potentially impacting its valuations positively.

Cytokinetics Announces Pricing of Upsized Public Offering of Common Stock

AI Summary

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Market-Moving

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Companies Mentioned

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