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Derma Sciences Inc announces pricing of underwritten public offering of common stock


Friday, 24 Jan 2014 09:00am EST 

Derma Sciences Inc:Says it is pricing of an underwritten public offering of 6,521,739 shares of common stock at a price to the public of $11.50 per share.Says it has granted the underwriters a 30-day option to purchase an additional 978,261 shares of common stock to cover over-allotments, if any.Says the offering is expected to close on or about Jan. 29.Says Piper Jaffray & Co. and Canaccord Genuity Inc. are acting as joint bookrunning managers for the offering.Says Oppenheimer & Co. Inc. and Roth Capital Partners are acting as financial advisors to the company.Says gross proceeds from the sale of the shares of common stock are expected to be about $75 mlm, or $86 mln if the underwriters exercise their option to purchase additional shares in full.Says it expects to use the proceeds from the offering for the continued development of DSC127, for sales force expansion, and for general corporate purposes. 

Company Quote

9.0
0.05 +0.56%
10:38am EDT