EyePoint Pharma Prices $100M Equity Offering At $11 A Piece

by Vandana Singh, Benzinga Editor

February 2, 2021 8:48 AM | 1 min read | Make a Comment

EyePoint Pharmaceuticals, Inc. (NASDAQ: EYPT) has priced its previously announced underwritten public offering of 9.1M common shares at $11/share, raising gross proceeds of $100.1M. The offer price represents a discount of 4% from the last close price of $11.48 on Monday.
Underwriters have an option to purchase up to an additional 1.365M common shares.
Net proceeds will be used to advance EYP-1901 for wet age-related macular degeneration (vision loss disorder), pipeline and commercial programs, and general corporate purposes.
The offering is expected to close by February 4.
Price Action: EYPT shares are higher by 8.01% at $12.40 in the pre-market session on the last check Tuesday.

Posted In: Biotech News Offerings General Age-Related Macular Degeneration

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