First Wave BioPharma (FWBI) Prices 3.44M Share Offering at $1.75/sh

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Go back to First Wave BioPharma (FWBI) Prices 3.44M Share Offering at $1.75/sh

First Wave BioPharma, Inc. Announces Pricing of $6.0 Million Public Offering

October 6, 2022 9:00 PM EDT

BOCA RATON, Fla., Oct. 06, 2022 (GLOBE NEWSWIRE) -- First Wave BioPharma, Inc. (NASDAQ: FWBI) (First Wave BioPharma or the Company), a clinical-stage biopharmaceutical company specializing in the development of targeted, non-systemic therapies forgastrointestinal diseases, today announced the pricing of a public offering of 3,438,396 shares of its common stock (or pre-funded warrants in lieu thereof) and warrants to purchase up to an aggregate of 3,438,396 shares of its common stock at an offering price to the public of $1.745 per share (or pre-funded warrant in lieu thereof) and associated warrant. The warrants will have an exercise price of $1.62... More