GW Pharmaceuticals Announces Proposed Public Offering of ADSs

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GW Pharma (GWPH) Prices 2.8M Share Offering at $90/ADS

July 13, 2016 6:19 AM EDT

GW Pharmaceuticals plc (Nasdaq: GWPH) announced the pricing of an underwritten public offering by the Company. GW will issue 2,800,000 of American Depositary Shares (ADSs), representing 33,600,000 ordinary shares of GW, at a price to the public of $90.00 per ADS on the NASDAQ Global Market, raising gross proceeds of approximately $252,000,000 (before deducting underwriting discounts, commissions and offering expenses). GW has granted the... More