Cidara Therapeutics (CDTX) Announces Proposed Stock Offering

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Cidara Therapeutics Announces Underwritten Public Offerings of Common Stock and Preferred Stock

March 2, 2023 4:14 PM EST

SAN DIEGO, March 02, 2023 (GLOBE NEWSWIRE) -- Cidara Therapeutics, Inc. (Nasdaq: CDTX), a biotechnology company developing long-acting therapeutics designed to help improve the standard of care for patients facing serious diseases, today announced concurrent but separate underwritten public offerings of its common stock and its Series X Convertible Preferred Stock. The closing of each proposed offering is not contingent upon the closing of the other. All shares to be sold in the offerings will be sold by Cidara, subject to customary closing conditions.

Cantor Fitzgerald & Co. is acting as the sole... More