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MORRISVLLE, NC, April 12, 2022 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ:LQDA) (“Liquidia”) announced the pricing of an underwritten public offering of 9,803,922 shares of its common stock at a public offering price of $5.10, for total gross proceeds of approximately $50.0 million, before deducting underwriting discounts and commissions and expenses payable by Liquidia. All of the shares in the offering will be sold by Liquidia. In addition, Liquidia has granted the underwriters a 30-day option to purchase up to an additional 1,470,588 shares of common stock at the public offering price, less underwriting discounts and commissions. The The offering is expected to close on April 18, 2022, subject to customary closing conditions.
BofA Securities is acting as the sole book-running manager for the offering. Needham & Company and BTIG are acting as lead managers.
The shares of common stock described above are being offered by Liquidia pursuant to its shelf registration statement on Form S-3, including a base prospectus, that was previously filed by Liquidia with the Securities and Exchange Commission (the “SEC”) on December 16 , 2020, and declared effective by the SEC on December 23, 2020. The proposed offering will be made only …
Full story available on Benzinga.com
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