Aridis Pharmaceuticals Inc. (ARDS) Announces Direct $25M Offering at $5.053/sh

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Aridis Pharmaceuticals Announces $25 Million Registered Direct Offering Priced at a Premium to Market

August 2, 2021 8:00 AM EDT

LOS GATOS, Calif., Aug. 2, 2021 /PRNewswire/ -- Aridis Pharmaceuticals, Inc. (Nasdaq: ARDS), a biopharmaceutical company focused on the discovery and development of novel anti-infective therapies to treat life-threatening infections, today announced that it has entered into a definitive agreement with a single healthcare-focused institutional investor for the purchase and sale of 4,947,556 shares of the Company's common stock (or common stock equivalents) and warrants to purchase up to an aggregate of 2,473,778 shares of the Company's common stock, at an effective purchase price of $5.053 per share of common stock (or common stock equivalent) and... More