ArQule (ARQL) Completes 8.2M Offering at $7.30/Share

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ArQule, Inc. (Nasdaq: ARQL) has completed its previously announced public offering of 8,222,500 shares of its common stock, including 1,072,500 shares issued pursuant to the underwriters’ full exercise of their option to purchase additional shares, at a public offering price of $7.30 per share. Net proceeds to ArQule of the public offering are approximately $56 million after deducting underwriting discounts and commissions and estimated offering expenses.

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