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PHAT - Phathom Pharma prices equity offering at $42
Phathom Pharmaceuticals Inc.
Phathom Pharmaceuticals (PHAT) has priced its public offering of 2.25M shares of common stock at $42.00/share, for expected gross proceeds of $94.5M.Underwriters' over-allotment is an additional 337.5K shares. Net proceeds will be used to fund the clinical development of vonoprazan and for working capital and general corporate purposes.Closing date is December 21.Previously: Phathom Pharma launches equity offering (Dec. 15)