Proteostasis Therapeutics (PTI) Prices 5M Common Stock Offering at $13/Share

September 9, 2016 7:32 AM EDT
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Proteostasis Therapeutics, Inc. (Nasdaq: PTI) announced the pricing of its follow-on public offering of 5,000,000 shares of its common stock at a public offering price of $13.00 per share, before the underwriting discount. All of the common stock is being offered by Proteostasis Therapeutics, Inc. In addition, the company has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of its common stock at the public offering price, less the underwriting discount. The offering is expected to close on September 14, 2016 subject to customary closing conditions.

Leerink Partners and RBC Capital Markets are acting as joint book-running managers. H.C. Wainwright & Co. is acting as lead manager and Baird is acting as co-manager.

A registration statement on Form S-1 relating to the securities being sold in the offering was declared effective by the Securities and Exchange Commission on September 8, 2016. This offering is being made only by means of a prospectus. Copies of the final prospectus relating to this offering may be obtained, when available, by contacting: Leerink Partners LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, or by email at syndicate@leerink.com, or by phone at (800) 808-7525, ext. 6142; or RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281, Telephone: (877) 822-4089, Email: equityprospectus@rbccm.com.



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