FS Development Corp. announced private placement of 400,000 class A shares at a price of $10 per share for gross proceeds of $4,000,000 on July 24, 2020. The investor will acquire 3.1% stake in the transaction. The company can issue additional 30,000 shares if the underwriters’ over-allotment option is exercised in full. The shares are subject to certain limited exceptions. The transaction will close simultaneously with public offering.