TLDR
- RANI stock jumps 280% after $60M raise and new Chugai collaboration deal.
- Rani secures $60.3M and Chugai pact, sending shares soaring by 280%.
- Biotech firm RANI pops after funding and global rare disease partnership.
- Rani Therapeutics rallies as new capital and Chugai boost long-term plans.
- RANI gains momentum with strong funding, partnership, and debt conversion.
RANI surged 280% to $1.80 after announcing a $60.3 million private placement and a strategic collaboration with Chugai Pharmaceuticals.
Rani Therapeutics Holdings, Inc., RANI
The sharp rise in RANI reflected strong market response to the dual financing and partnership updates. The company stated that these developments will extend its financial runway and accelerate the advancement of its RaniPill drug delivery platform.
RANI Raises $60.3 Million Through Private Placement
RANI entered a securities purchase agreement with institutional and accredited investors for a $60.3 million private placement. The transaction includes Class A common stock, pre-funded warrants, and accompanying warrants to purchase additional shares. The offering was priced “at-the-market” under Nasdaq regulations, ensuring compliance with listing standards.
H.C. Wainwright & Co. served as the lead placement agent, with Maxim Group LLC participating as a co-placement agent. The company expects the financing to close on or about October 21, 2025, subject to standard conditions. The Warrants issued under the agreement will be exercisable only after stockholder approval, ensuring regulatory transparency.
RANI plans to use the proceeds to strengthen its pipeline programs. The company will focus on expanding its RaniPill platform for oral delivery of biologics and complex drugs. The financing will also reduce debt and enhance operational capacity through 2028.
Debt Conversion and Strengthened Balance Sheet
In addition to the equity financing, Rani converted $6 million of outstanding debt into 12.5 million shares of Class A common stock. The conversion was executed under the same terms as the private placement, improving the company’s financial position. Avenue Venture Opportunities Fund led the conversion, receiving warrants equal to its equity participation.
The transaction will substantially reduce total debt obligations and optimize capital structure. This debt reduction, combined with new equity financing, positions RANI to pursue growth without near-term financing pressure. The company expects to maintain liquidity to fund research and development into 2028.
Samsara and Anomaly, two new participants in the round, will each designate a board member. This inclusion underscores the growing institutional support for RANI. The leadership expansion aligns with Rani’s plan to advance its strategic and operational goals.
Strategic Collaboration with Chugai Pharmaceuticals
RANI also announced a collaboration and license agreement with Chugai Pharmaceuticals Co. Ltd. The deal includes a $10 million upfront payment and an expected $18 million technology transfer milestone. These funds, alongside private placement proceeds, will support the continued development of oral biologic therapies.
The collaboration integrates Rani’s RaniPill platform with Chugai’s expertise in antibody development. This partnership is designed to accelerate the creation of oral therapies for rare diseases. The companies aim to improve treatment accessibility and convenience for patients worldwide.
RANI now anticipates operational funding stability through 2028. The dual announcements of financing and collaboration have strengthened RANI’s strategic position within the biotherapeutics market. With expanded resources and reduced debt, the company is poised for sustained clinical and commercial progress.
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