other material
confidence high
sentiment neutral
materiality 0.70
Catalyst Pharmaceuticals closes $150M public offering of 10M shares at $15; net proceeds ~$140.1M
CATALYST PHARMACEUTICALS, INC.
- Sold 10,000,000 shares of common stock at $15.00 per share in an underwritten public offering.
- Net proceeds after underwriting discounts and estimated expenses were approximately $140.1 million.
- Underwriters granted a 30-day option to purchase up to an additional 1,500,000 shares.
- Proceeds to be used for potential acquisition of new product candidates and general corporate purposes.
- Bookrunners: BofA Securities, Citigroup, Piper Sandler, Cantor, Truist Securities.