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ARQT 424B5: Shelf registration

Arcutis Biotherapeutics

Filed with the SEC on · accession 0001628280-26-070167

ARQT filed a 424B5 (prospectus (offering)) with the SEC on Nov 4, 2026. Arcutis Biotherapeutics filed a prospectus supplement to offer up to $200 million of common stock through an at-the-market (ATM) offering via TD Cowen. The stock moved +6.4% by the first close after the filing.

Summary of the filing

Arcutis Biotherapeutics filed a prospectus supplement to offer up to $200 million of common stock through an at-the-market (ATM) offering via TD Cowen. The company may sell shares from time to time at prevailing market prices, with TD Cowen receiving up to 3.0% commission.

For details, click here →How to read a 424B5 →

Key details

Maximum aggregate offering price of common stock$200.0M
Agent compensation rate (up to)percent 3
Last reported sale price per share on November 3, 2026$32
IssuerArcutis Biotherapeutics, Inc.
Sales agent / underwriterTD Cowen

How ARQT stock reacted

Close before

$32.00

Nov 3, 2026

First close after

+6.41%

$34.05

5 trading days

—

Since filing

-20.16%

$25.55

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Frequently asked questions

What did ARQT file with the SEC on Nov 4, 2026?

ARQT filed a 424B5 (Shelf registration). Arcutis Biotherapeutics filed a prospectus supplement to offer up to $200 million of common stock through an at-the-market (ATM) offering via TD Cowen. The company may sell shares from time to time at prevailing market prices, with TD Cowen receiving up to 3.0% commission.

What does a shelf registration mean for ARQT stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did ARQT stock react to this filing?

ARQT closed at $32.00 before the filing and $34.05 on Nov 4, 2026 (+6.41%).

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