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Sorrento Therapeutics Inc announces pricing of underwritten public offering of 4,765,000 shares of common stock


Thursday, 15 May 2014 12:24am EDT 

Sorrento Therapeutics Inc:Announces pricing of an underwritten public offering of 4,765,000 shares of common stock at a public offering price of $5.25 per share.The gross proceeds to Sorrento from this offering are expected to be about $25,000,000, before deducting underwriting discounts and commissions and other estimated offering expenses payable by the company.Sorrento has granted the underwriters a 45-day option to purchase up to an aggregate of 714,750 additional shares of its common stock to cover over-allotments, if any.The offering is expected to close on or about May 20.Aegis Capital Corp. is acting as the sole book-running manager for the offering. 

Company Quote

8.5
0.02 +0.24%
19 Dec 2014