Onconova Therapeutics (ONTX) Announces Proposed Stock Offering; Size Not Disclosed
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Onconova Therapeutics (ONTX) Prices 5M Share Offering at $4.20/sh
September 24, 2021 8:00 AM EDTOnconova Therapeutics, Inc. (NASDAQ: ONTX) (Onconova), a biopharmaceutical company focused on discovering and developing novel products to treat cancer, today announced the pricing of an underwritten public offering of 5,000,000 shares of its common stock at a public offering price of $4.20 per share. The gross proceeds of the offering to the Company are expected to be $21 million, before deducting the underwriting discounts and commissions and other estimated offering expenses. In addition, Onconova granted the underwriters a thirty-day option to purchase up to an additional 750,000 shares of common stock at the public offering price, less underwriting... More
