Arena Pharma (ARNA) Announces $250M Proposed Public Offering of Common Stock
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Arena Pharmaceuticals Announces Proposed Public Offering of Common Stock
May 27, 2020 4:01 PM EDTSAN DIEGO, May 27, 2020 /PRNewswire/ --Â Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) today announced that it intends to offer and sell, in an underwritten public offering and subject to market and other conditions, $250,000,000 of its common stock. All of the shares are being offered by Arena. In addition, Arena intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 15% of the shares of its common stock offered in the public offering. There can be no assurance as to whether or when the... More
