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Soleno Therapeutics Announces Pricing of $200 Million Public Offering of Common Stock
Globenewswire· 2025-07-10 13:07
Core Viewpoint - Soleno Therapeutics, Inc. has announced a public offering of 2,352,941 shares of common stock priced at $85.00 per share, aiming to raise approximately $200 million before expenses [1][3]. Group 1: Offering Details - The public offering consists of 2,352,941 shares, with an additional 30-day option for underwriters to purchase up to 352,941 more shares at the same price [1]. - The offering is expected to close on or about July 11, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds will primarily fund the commercialization of VYKAT XR, the first approved therapy for hyperphagia in Prader-Willi syndrome, which received FDA approval on March 26, 2025 [3]. - Additional proceeds will support regulatory and market development activities in the EU, further R&D efforts, and general corporate purposes, including working capital and potential acquisitions [3]. Group 3: Underwriters - Goldman Sachs & Co. LLC, Guggenheim Securities, TD Cowen, Cantor, and Oppenheimer & Co. are serving as joint book-running managers for the offering [2]. Group 4: Company Overview - Soleno Therapeutics focuses on developing novel therapeutics for rare diseases, with VYKAT XR being its first commercial product aimed at treating hyperphagia in individuals aged 4 and older with Prader-Willi syndrome [6].
Soleno Therapeutics Announces Proposed $200 Million Public Offering of Common Stock
GlobeNewswire· 2025-07-10 10:01
Core Viewpoint - Soleno Therapeutics, Inc. plans to offer and sell $200 million of its common stock in an underwritten public offering, with an additional option for underwriters to purchase up to $30 million more [1][2]. Group 1: Offering Details - The public offering is subject to market conditions, and there is no assurance regarding the completion or terms of the offering [1]. - Goldman Sachs & Co. LLC and Guggenheim Securities are acting as the joint book-running managers for the offering [2]. - The shares will be offered under a registration statement previously filed with the SEC, and a preliminary prospectus will be made available [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund the commercialization of VYKAT™ XR, the first approved therapy for hyperphagia in Prader-Willi syndrome, which received FDA approval on March 26, 2025 [3]. - Proceeds will also support regulatory and market development activities in the EU, further R&D efforts, and general corporate purposes, including working capital and potential acquisitions [3][6].
Rhythm Pharmaceuticals, Inc. Announces Proposed Public Offering of Common Stock
Globenewswire· 2025-07-09 20:16
Company Overview - Rhythm Pharmaceuticals, Inc. is a global, commercial-stage biopharmaceutical company focused on rare neuroendocrine diseases [1] Proposed Offering - Rhythm announced a proposed public offering of $150 million of its common stock, with an additional option for underwriters to purchase up to $22.5 million of shares [1][2] - The offering is subject to market conditions and customary closing conditions, with no assurance on completion or terms [2] Regulatory Compliance - The offering is made under a shelf registration statement on Form S-3, which became effective on March 2, 2023 [3] - A preliminary prospectus supplement will be filed with the SEC and available on their website [3] Contact Information - Investor relations contact is David Connolly, Head of Investor Relations and Corporate Communications, reachable at 857-264-4280 [6]
Borr Drilling Announces Public Offering of Common Shares
Prnewswire· 2025-07-02 20:24
Core Viewpoint - Borr Drilling Limited plans to raise $100 million through a public offering of approximately 50 million shares for general corporate purposes [1] Group 1: Offering Details - The offering will be conducted under an effective shelf registration statement filed with the SEC on April 11, 2025 [3] - The offering is expected to include two settlements: 30 million shares on July 7, 2025, and 20 million shares on August 7, 2025, contingent on a special general meeting [4] - Certain officers and directors of the Company, including Mr. Tor Olav Trøim, Mr. Patrick Schorn, and Mr. Bruno Morand, have indicated intentions to purchase shares totaling $11.3 million [5] Group 2: Underwriters - DNB Carnegie, Clarksons Securities, Citigroup, and Goldman Sachs & Co. LLC are the joint bookrunners for the offering [2]
ArriVent Announces Proposed $75 Million Public Offering of Common Stock and Pre-Funded Warrants
Globenewswire· 2025-07-01 20:05
Core Viewpoint - ArriVent BioPharma, Inc. plans to offer and sell $75 million of its common stock and pre-funded warrants, with a potential additional 15% option for underwriters, to support its drug development and general corporate purposes [1][2]. Group 1: Offering Details - The public offering includes $75 million in common stock and pre-funded warrants, with a 30-day option for underwriters to purchase an additional 15% [1]. - Goldman Sachs, Citigroup, and Guggenheim Securities are the joint book-running managers for the offering [2]. - An automatic shelf registration statement was filed with the SEC on February 3, 2025, which became effective upon filing [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to support activities related to firmonertinib and other pipeline programs, as well as for working capital and general corporate purposes [2]. Group 3: Company Overview - ArriVent is a clinical-stage biopharmaceutical company focused on developing innovative therapies for cancer treatment, with a strong emphasis on its lead candidate, firmonertinib [5].
Sonim Technologies Announces Pricing of $5.55 Million Public Offering
Newsfile· 2025-07-01 12:55
Group 1 - Sonim Technologies, Inc. announced a public offering of 7,400,000 shares of common stock at a price of $0.75 per share, with expected gross proceeds of approximately $5.55 million [1][2] - The company intends to use the net proceeds for operations supporting its overall business strategy, working capital, and potentially for repayment and refinancing of its indebtedness [2] - Roth Capital Partners is acting as the exclusive placement agent for the offering [2] Group 2 - The offering is being conducted under a registration statement on Form S-1, which was declared effective by the SEC on June 30, 2025 [3] - A preliminary prospectus has been filed with the SEC, and electronic copies of the final prospectus will be available on the SEC's website [3] - Sonim Technologies is recognized as a leading provider of rugged mobile solutions, serving various sectors including first responders and Fortune 500 companies since 1999 [5]
Oragenics, Inc. Announces Pricing of Public Offering of up to $20 Million of Preferred Stock and Warrants
Globenewswire· 2025-07-01 12:31
SARASOTA, Fla., July 01, 2025 (GLOBE NEWSWIRE) -- Oragenics, Inc. (NYSE American: OGEN), a company focused on developing unique, intranasal pharmaceuticals for the treatment of neurological disorders, today announced that it has entered into a placement agency agreement for the purchase and sale of up to 800,000 shares of the Company’s Series H Convertible Preferred Stock (“Preferred Stock”), no par value, and Warrants to purchase up to an additional 800,000 shares of Preferred Stock of the Company at an ex ...
Raytech Holding Limited Announces Pricing of $5.197 Million Public Offering of its Ordinary Shares
GlobeNewswire News Room· 2025-07-01 12:30
Core Viewpoint - Raytech Holding Limited has announced a public offering of 25,985,000 ordinary shares priced at $0.20 per share, aiming to raise approximately $5.197 million before expenses [1][2]. Company Overview - Raytech Holding Limited is a Hong Kong-based company with over 10 years of experience in the personal care electrical appliance industry, specializing in design, sourcing, and wholesale for international brand owners [5]. - The company offers a diverse range of personal care electrical appliances, including hair styling tools, trimmers, eyelash curlers, neck care, and nail care products [5]. Offering Details - The public offering is expected to close on July 1, 2025, subject to customary closing conditions [2]. - R.F. Lafferty & Co., Inc. is acting as the sole placement agent for the offering, while Loeb & Loeb LLP and Zarif Law Group P.C. are providing legal counsel [2][3]. - The offering is conducted under a registration statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on June 30, 2025 [3].
Nektar Therapeutics Announces Pricing of $100 Million Public Offering
Prnewswire· 2025-07-01 11:17
Core Viewpoint - Nektar Therapeutics has announced a public offering of $100 million in common stock, pricing the shares at $23.50 each, with the offering expected to close on July 2, 2025 [1][2]. Group 1: Offering Details - Nektar is selling 4,255,320 shares in the offering, with gross proceeds anticipated to be approximately $100 million before expenses [1]. - The underwriters have a 30-day option to purchase an additional 638,298 shares at the public offering price [1]. - Jefferies and Piper Sandler are the joint bookrunning managers, with BTIG, LLC as the passive bookrunner and H.C. Wainwright & Co. as co-manager [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including research and development, clinical development, and manufacturing costs to support drug candidates [2]. Group 3: Company Overview - Nektar Therapeutics is focused on developing innovative treatments for autoimmune and chronic inflammatory diseases, with its lead product candidate being rezpegaldesleukin (REZPEG, or NKTR-358) [6]. - The company is conducting two Phase 2b clinical trials for REZPEG, targeting atopic dermatitis and alopecia areata [6]. - Nektar's pipeline includes additional candidates such as NKTR-255, an investigational IL-15 receptor agonist, and other preclinical programs [6].
Ascent Solar Technologies, Inc. Announces Closing of $2.0 Million Public Offering
Globenewswire· 2025-06-30 21:00
Core Viewpoint - Ascent Solar Technologies, Inc. has successfully closed a public offering of 1,000,000 shares of common stock and warrants, raising a total of $2.0 million for various corporate purposes [1][2]. Group 1: Offering Details - The public offering price was set at $2.00 per share, with the same price for the accompanying warrants, which have an exercise price of $2.00 and are exercisable immediately [1]. - The offering was facilitated by H.C. Wainwright & Co. as the exclusive placement agent [2]. - The gross proceeds from the offering amounted to $2.0 million before deducting fees and expenses [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for working capital, product development activities, general administrative expenses, and other corporate purposes [2]. Group 3: Company Background - Ascent Solar Technologies is recognized for its innovative, high-performance, flexible thin-film solar panels, supported by 40 years of research and development and 15 years of manufacturing experience [5]. - The company's photovoltaic modules have been utilized in various applications, including space missions and agrivoltaic installations, showcasing their versatility and reliability [5]. - The company's research and development center and production facility are located in Thornton, Colorado [5].