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Verastem Inc Announces Closing Of Public Offering And Exercise Of Option To Purchase Additional Shares

Monday, 22 Jul 2013 04:00pm EDT 

Verastem Inc announced that the closing of a $63.8 million underwritten public offering of 4,255,000 shares of common stock, including 555,000 shares of common stock which were issued pursuant to the exercise of the underwriters' option to purchase additional shares, at a price of $15.00 per share to the public. The net proceeds to Verastem from this offering were approximately $59.8 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by Verastem. Jefferies LLC and Leerink Swann LLC acted as joint book-running managers in the offering, and JMP Securities LLC, Oppenheimer & Co. Inc., Lazard Capital Markets LLC, Guggenheim Securities, Roth Capital Partners, LLC and Cantor Fitzgerald & Co. acted as co-managers in the offering. 

Company Quote

0.25 +2.79%
20 Oct 2014