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Longboard Pharmaceuticals ( NASDAQ: LBPH ) on Tuesday announced that it has commenced an underwritten public offering to issue and sell $20 million of shares of its voting common stock.
Longboard expects to grant the underwriters a 30-day option to purchase up to an additional approximately $3 million of shares of voting common stock.
Evercore ISI and Cantor Fitzgerald are acting as joint book-running managers for the proposed offering.