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ARQT - ARQT stock gains on offering of $150M common stock
Arcutis Biotherapeutics Inc.
Arcutis Biotherapeutics ( NASDAQ: ARQT ) shares popped ~6% during extended trading on Tuesday after the biopharmaceutical company proposed a public offering of $150M of shares of its common stock.
Arcutis ( ARQT ) 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 offering.
Actual size or terms of the offering are yet to be determined.