Assertio Therapeutics (ASRT) Prices 22.6M Share Registered Direct Offering at $0.62/Sh

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Go back to Assertio Therapeutics (ASRT) Prices 22.6M Share Registered Direct Offering at $0.62/Sh

Assertio Holdings, Inc. Announces Pricing of $14 Million Registered Direct Offering

February 5, 2021 12:05 AM EST

LAKE FOREST, Ill., Feb. 05, 2021 (GLOBE NEWSWIRE) -- Assertio Holdings, Inc. (Assertio or the Company) (NASDAQ: ASRT) today announced it has entered into a securities purchase agreement with certain institutional investors to purchase 22,600,000 shares of its common stock at a purchase price of $0.62 per share in a registered direct offering.  

Roth Capital Partners acted as the sole placement agent in connection with the offering.

The offering is expected to close on February 9, 2021, subject to customary closing conditions. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $14.0... More