Intra-Cellular Therapies (ITCI) to Offer $350M in Stock

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Intra-Cellular Therapies Announces Proposed Public Offering of Common Stock

September 9, 2020 4:01 PM EDT

NEW YORK, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Intra-Cellular Therapies, Inc. (Nasdaq: ITCI), a biopharmaceutical company, today announced that it has commenced an underwritten public offering of $350 million of shares of its common stock. In connection with the offering, Intra-Cellular Therapies 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. All of the shares in the offering will be sold by Intra-Cellular Therapies.

J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, SVB Leerink... More