other material
confidence high
sentiment neutral
materiality 0.65
Zevra Therapeutics prices $60M common stock offering at $6.50/share; net proceeds ~$56.1M
ZEVRA THERAPEUTICS, INC.
- 9,230,770 shares sold at $6.50; underwriters have 30-day option for 1,384,615 additional shares.
- Net proceeds estimated at $56.1M after underwriting discounts and offering expenses.
- Proceeds to fund pre-commercial launch of arimoclomol, OLPRUVA support, and development of celiprolol and KP1077.
- Company believes net proceeds plus existing cash will fund operations through Q1 2026; closing expected Aug 12, 2024.