Company: ERAS
Filing Date: 2025-08-12
Form Type: S-3
Source: 0001193125-25-179038
Chunk: 50

Company: Erasca, Inc.
Filing Date: 2025-08-12
Form: S-3
Chunk 50
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 may issue and sell shares of our common stock having aggregate sales proceeds of up to $200,000,000 from time to time. Because there is no minimum offering
amount required as a condition to close this offering, the actual total public offering amount, commissions and proceeds to us, if any, are not determinable at this time.

We intend to use the net proceeds of this offering, together with our existing cash, cash equivalents and marketable securities, to fund the research and
development of our product candidates and other development programs and for working capital and general corporate purposes. We may also use a portion of the remaining net proceeds, together with our existing cash, cash equivalents and marketable
securities, to in-license, acquire, or invest in complementary businesses, technologies, products or assets; however, we have no current commitments or obligations to do so.

The amounts and timing of our actual expenditures will depend on numerous factors, including the factors described under “Risk Factors” in this
prospectus and in the documents incorporated by reference herein, as well as the amount of cash used in our operations. We may find it necessary or advisable to use the net proceeds for other purposes, and we will have broad discretion in the
application of the net proceeds. Pending the uses described above, we plan to invest the net proceeds from this offering in short- and intermediate-term, investment-grade, interest-bearing instruments.

S-9

DILUTION If you invest in our common stock, your interest will be diluted to the extent of the difference between the price per share you pay in this offering and the net tangible book value per share of our common stock immediately after this offering. Our net tangible book value of our common stock as of June 30, 2025 was approximately $372.3 million, or approximately $1.31 per share of common stock based upon 283,650,139 shares outstanding. Net tangible book value per share is equal to our total tangible assets, less our total liabilities, divided by the total number of shares outstanding as of June 30, 2025. After giving effect to the sale of our common stock in the aggregate amount of $200.0 million at an assumed offering price of $1.40 per share, the last reported sale price of our common stock on the Nasdaq Global Select Market on August 8, 2025, and after deducting offering commissions and estimated aggregate offering expenses payable by us, our net tangible book value as of June 30, 2025 would have