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home / news releases / ARQT - Arcutis Bio secures $192.5M capital raise


ARQT - Arcutis Bio secures $192.5M capital raise

Arcutis Biotherapeutics (ARQT) has priced its public offering of 5.5M common shares at $35.00/share, for expected gross proceeds of $192.5M.Underwriters' over-allotment is an additional 825K shares. Net proceeds will be used to fund the continued development of its multiple programs, for working capital and other general corporate purposes.Closing date is February 5.Previously (Feb. 1): Arcutis announces $150M capital raise

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Arcutis Bio secures $192.5M capital raise
Stock Information

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

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