Oasmia Pharma (OASM) Closes IPO for Gross Proceeds of ~$9.5M

Oasmia Pharmaceutical AB (NASDAQ: OASM), is a specialty pharmaceutical company focused on innovative treatments within human and animal oncology ("Oasmia" or the "Company"). Oasmia's product and product candidates utilize a proprietary, nanoparticle formulation technology that is designed to facilitate the administration of intravenously-delivered active pharmaceutical ingredients, without the addition of toxic solvents. Oasmia announce the closing of a U.S. underwritten public offering of American Depositary Shares, or ADSs, and one warrant to purchase such ADSs for each two ADSs sold in the offering, at an offering price of $4.06 per ADS and $0.0025 per warrant. Each ADS represents three of Oasmia's ordinary shares. The Company received gross proceeds of approximately $9,500,354 from the initial securities sold in this offering, before deducting underwriting discounts, commissions and other related expenses. The warrants have an exercise price of $4.06, are exercisable immediately and will expire ten years from the date of issuance. The Company granted the underwriters a 45-day option to purchase up to (i) 350,880 additional ADSs and/or (ii) additional warrants to purchase up to 175,440 ADSs to cover over-allotments. The underwriters have exercised an option to purchase 111,150 such additional warrants, which transaction closed on October 28, 2015.

The ADSs began trading on The NASDAQ Capital Market under the symbol "OASM" on October 23, 2015.

Proceeds from this offering will be used to fund: (i) new clinical trials and other regulatory requirements of Oasmia's product and product candidates, (ii) production development, including validation batches, and (iii) other general corporate purposes, including employees, rent, and costs and expenses of being a U.S. public company.

Rodman & Renshaw, a unit of H.C. Wainwright & Co. and Joseph Gunnar & Co., LLC acted as joint book-running managers in this offering.

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