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home / news releases / ARQT - Arcutis Bio prices stock offering at $25


ARQT - Arcutis Bio prices stock offering at $25

Arcutis Biotherapeutics (ARQT) has priced its public offering of 4M common shares at $25.00/share, for the expected gross proceeds of $100M.Underwriters' over-allotment is an additional 600K shares.Closing date is Oct. 6. Concurrently, Arcutis expects to sell to entities affiliated with OrbiMed Advisors, 1.4M common shares in a private placement, at a public offering price for expected gross proceeds of $35M.Previously: Arcutis Biotherapeutics proposes equity offering, concurrent $35M placement (Sept. 29)

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Arcutis Bio prices stock offering at $25
Stock Information

Company Name: Arcutis Biotherapeutics Inc.
Stock Symbol: ARQT
Market: NASDAQ
Website: arcutis.com

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