Intra-Cellular Therapies (ITCI) Announces Proposed $500M Share Offering

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Intra-Cellular Therapies Announces Proposed Public Offering of Common Stock

April 16, 2024 4:06 PM EDT

NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Intra-Cellular Therapies, Inc. (Nasdaq: ITCI) (Intra-Cellular Therapies), a biopharmaceutical company focused on the development and commercialization of therapeutics for central nervous system (CNS) disorders, today announced that it has commenced an underwritten public offering of $500 million of shares of its common stock. In connection with the offering, Intra-Cellular Therapies intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering. All of the shares in the offering will be sold by Intra-Cellular... More