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HEPA - Hepion Pharma prices equity offering at $1.50
Hepion Pharmaceuticals Inc.
Hepion Pharmaceuticals (HEPA) has priced its public offering of 20M common shares at $1.50/share, for expected gross proceeds of ~$30M. Underwriters' over-allotment is an additional 3M shares. Net proceeds will be used to fund R&D activities, for working capital and other general corporate purposes.ThinkEquity is acting as sole book-running manager. Closing date is November 30.Shares down 3% after-hours.