UPDATE: 9 Meters Biopharma (NMTR) Prices 46.154M Share Common Offering at $0.65/Sh

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Go back to UPDATE: 9 Meters Biopharma (NMTR) Prices 46.154M Share Common Offering at $0.65/Sh

9 Meters Biopharma, Inc. Prices Public Offering of Common Stock

December 11, 2020 8:33 AM EST

RALEIGH, NC / ACCESSWIRE / December 11, 2020 / 9 Meters Biopharma, Inc. (NASDAQ: NMTR) (the "Company"), a clinical-stage rare and unmet needs-focused gastroenterology company, announced today the pricing of an underwritten public offering of 46,153,847 shares of its common stock at a price to the public of $0.65 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to 6,923,077 additional shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on December 15, 2020, subject to customary closing conditions.

The gross proceeds to the Company from the... More