ADMA Biologics (ADMA) Announces Proposed Public Offering of Common Stock

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Go back to ADMA Biologics (ADMA) Announces Proposed Public Offering of Common Stock

ADMA Biologics (ADMA) Announces Proposed $50M Stock Offering at $1/sh

October 21, 2021 9:01 AM EDT

ADMA Biologics, Inc. (Nasdaq: ADMA) (ADMA or the Company), an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty plasma-derived biologics, today priced its previously announced underwritten public offering of 50 million shares of its common stock at a public offering price of $1.00 per share, resulting in gross proceeds of approximately $50 million before deducting underwriting discounts and commissions and other estimated offering expenses.

The offering is expected to close on October 25, 2021, subject to the satisfaction of customary closing conditions. The Company has also granted the underwriters a 30-day option to purchase up to 7.5... More