BioCryst Pharma (BCRX) Prices 37.93M Share Common Offering at $1.45/Sh

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Go back to BioCryst Pharma (BCRX) Prices 37.93M Share Common Offering at $1.45/Sh

BioCryst Prices Public Offering of Common Stock

November 13, 2019 7:10 PM EST

RESEARCH TRIANGLE PARK, N.C., Nov. 13, 2019 (GLOBE NEWSWIRE) -- BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) announced today the pricing of an underwritten public offering of 37,931,035 shares of its common stock, offered at a price to the public of $1.45 per share.  The gross proceeds from this offering to BioCryst are expected to be $55 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by BioCryst. 

BioCryst has granted the underwriters a 30-day option to purchase up to an additional 5,689,655 shares of its common stock.  The offering is expected to close on... More