Adagene Announces US$70.0 Million Public Offering of ADSs at $3.75 per ADS, Expects Gross Proceeds of Approximately US$70.0 Million

Adagene Inc. has priced a US$70 million public offering of 18,666,000 American Depositary Shares (ADSs) at US$3.75 per ADS. The gross proceeds are expected to be approximately US$70 million, before deducting underwriting discount and offering expenses. The offering is expected to close on April 6, 2026. Leerink Partners and LifeSci Capital are joint book-running managers, and Lucid Capital Markets is co-manager.