On July 1, 2025, Beam Therapeutics Inc. acquired an early-stage life sciences company, issuing 403,128 shares of its common stock as an upfront payment. Additionally, Beam Therapeutics agreed to potential milestone payments up to $89,000,000, either in cash or shares, based on certain milestones. Based on a closing price of $17.01 per share on June 30, 2025, the maximum potential shares for milestone payments could be 5,232,216, although the exact number remains undetermined. These transactions were unregistered under the Securities Act of 1933.
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