SEPTInvestingStart Free

ERAS 424B5: Secondary offering

Filed with the SEC on · accession 0001193125-26-303352

ERAS filed a 424B5 (prospectus (offering)) with the SEC on Jul 14, 2026. Erasca, Inc. is offering 31,428,572 shares of common stock at $17.50 per share in an underwritten public offering, with an option for underwriters to purchase an additional 4,714,285 shares. The stock moved +8.9% by the first close after the filing.

Summary of the filing

Erasca, Inc. is offering 31,428,572 shares of common stock at $17.50 per share in an underwritten public offering, with an option for underwriters to purchase an additional 4,714,285 shares. The offering is expected to close on July 15, 2026.

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

Key details

Total public offering value$550.0M
Underwriting discounts and commissions$33.0M
Proceeds to Erasca before expenses$517.0M
IssuerErasca, Inc.
UnderwriterJ.P. Morgan
UnderwriterMorgan Stanley
UnderwriterJefferies
UnderwriterEvercore ISI

How ERAS stock reacted

Close before

$17.90

Jul 13, 2026

First close after

+8.94%

$19.50

5 trading days

+5.14%

$18.82

Since filing

-19.50%

$14.41

✦ Ask GOAX AI about this filing — what it means for ERAS, what changed since its last filings and what to watch next.

Try it free for 7 days

🔔 Want to stay updated on new SEC filings for ERAS?

Click here

Frequently asked questions

What did ERAS file with the SEC on Jul 14, 2026?

ERAS filed a 424B5 (Secondary offering). Erasca, Inc. is offering 31,428,572 shares of common stock at $17.50 per share in an underwritten public offering, with an option for underwriters to purchase an additional 4,714,285 shares. The offering is expected to close on July 15, 2026.

What does a secondary offering mean for ERAS 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 ERAS stock react to this filing?

ERAS closed at $17.90 before the filing and $19.50 on Jul 14, 2026 (+8.94%). Five trading days later: $18.82 (+5.14%).

Other ERAS SEC filings

Get alerts when ERAS files with the SEC, plus live charts, key levels and news for 13,000+ stocks.

Try SEPT free for 7 days
ERAS overviewERAS analysisERAS newsLatest SEC filings