Exelixis Announces Pricing of $60.5 Million Public Offering at $5.50 per Share
Exelixis, Inc. (Nasdaq: EXEL) today announced the pricing of its underwritten public offering of 11,000,000 shares of newly issued common stock at a price to the public of $5.50 per share. Exelixis also granted the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of its common stock in connection with the offering. All of the shares in the offering are being sold by Exelixis.
The shares will be issued pursuant to a prospectus supplement filed as part of a shelf registration statement previously filed with the Securities and Exchange Commission on Form S-3. Exelixis anticipates that its aggregate net proceeds from the offering will be $56.5 million after deducting the underwriting discount and estimated offering expenses payable by Exelixis (assuming no exercise of the underwriters' option to purchase additional shares of common stock).
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.