Molecular Templates (MTEM) Announces Proposed Common Share Offering

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Go back to Molecular Templates (MTEM) Announces Proposed Common Share Offering

Molecular Templates, Inc. Announces Proposed Public Equity Offering

November 20, 2019 4:01 PM EST

AUSTIN, Texas, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Molecular Templates, Inc. (Nasdaq: MTEM) (the Company or Molecular), a clinical-stage biopharmaceutical company focused on the discovery and development of the Companys proprietary engineered toxin bodies (ETBs), which are differentiated, targeted, biologic therapeutics for cancer, today announced that it has commenced an underwritten public offering of its common stock and newly designated Series A convertible preferred stock. Molecular also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering on... More