Harrow Health raises $69M in stock offering to fund acquisition

HARROW, INC.

Priced public offering of 3,380,282 shares at $17.75/share, initially raising $60M; underwriters later exercised full option for 507,042 additional shares.
Total gross proceeds of $69M after full option exercise; offering closed July 21, 2023.
Net proceeds to fund initial acquisition payment and general corporate purposes, including future product acquisitions.
B. Riley Securities acted as sole book-running manager; Lake Street and Ladenburg Thalmann as co-managers.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HARROW, INC. entered into Underwriting Agreement with B. Riley Securities, Inc., as representative of the several underwriters named therein valued at $69.0 million (effective 2023-07-18).

Action: entry
Agreement: underwriting
Counterparty: B. Riley Securities, Inc., as representative of the several underwriters named therein
Value: $69.0 million
Effective: 2023-07-18

Exact text from the filing

On July 18, 2023, Harrow Health, Inc. (the “ Company ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with B. Riley Securities, Inc., as representative of the several underwriters named therein (collectively, the “ Underwriters ”), related to a public offering of shares of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”), at an offering price of $17.75 per share (the “ Offering ”).

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HARROW, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-025231

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