Assertio Therapeutics (ASRT) Prices 35M Share Registered Direct Offering at $0.98/Sh

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Go back to Assertio Therapeutics (ASRT) Prices 35M Share Registered Direct Offering at $0.98/Sh

Assertio Holdings, Inc. Announces Pricing of $34.3 Million Registered Direct Offering

February 10, 2021 12:01 AM EST

LAKE FOREST, Ill., Feb. 10, 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 35,000,000 shares of its common stock at a price of $0.98 per share, which is a premium to market based on applicable Nasdaq minimum price rules.

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

The registered direct offering is expected to close on February 12, 2021, subject to customary closing conditions. The gross proceeds to the Company from... More