MEI Pharma (MEIP) Prices 17.5M Share Offering at $2.60/sh

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Go back to MEI Pharma (MEIP) Prices 17.5M Share Offering at $2.60/sh

MEI Pharma Announces Pricing of Public Offering of Common Stock

December 1, 2021 8:46 PM EST

SAN DIEGO--(BUSINESS WIRE)-- MEI Pharma, Inc. (Nasdaq: MEIP), a late-stage pharmaceutical company focused on advancing new therapies for cancer, announced today that it has priced the underwritten public offering of 17,500,000 shares of its common stock at $2.60 per share for total gross proceeds (before underwriting discount and commissions and estimated expenses) of $45,500,000. In connection with the offering, the Company granted the underwriters a 30-day option to purchase up to an additional 2,625,000 shares of common stock offered in the public offering. The offering is expected to close on December 6, 2021, subject to the satisfaction of... More