Seelos Therapeutics (SEEL) Prices 8.865M Share Registered Direct Offering at $0.79/Sh
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Seelos Therapeutics Announces Pricing of $7.0 Million Registered Direct Offering
September 4, 2020 9:08 AM EDTNEW YORK, Sept. 4, 2020 /PRNewswire/ -- Seelos Therapeutics, Inc. (Nasdaq: SEEL), a clinical-stage biopharmaceutical company, announced today that it has entered into a securities purchase agreement with certain institutional investors, providing for the purchase and sale of 8,865,000 shares of common stock at a price of $0.79 per share in a registered direct offering, resulting in gross proceeds of approximately $7.0 million, before deducting the placement agents' fees and estimated offering expenses. The Company also agreed to issue to the investors unregistered warrants to purchase up to 6,648,750 shares of common stock in a concurrent... More
