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Aclaris prices equity offering; shares off 2% premarket

Published 11/18/2016, 07:12 AM
Aclaris prices equity offering; shares off 2% premarket
ACRS
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  • Aclaris Therapeutics (NASDAQ:ACRS) prices its public offering of 4M shares of common stock at $22.75. Underwriters over-allotment is an additional 600K shares. Closing date is November 23. Net proceeds will fund the regulatory submissions for A-101 Topical Solution for the treatment of seborrheic keratosis, to build out a direct sales force to promote A-101, continued R&D related to A-101 for other indications, the development of ATI-50001 and ATI-50002, working capital and general corporate purposes.
  • Share are down 2% premarket on light volume. Yesterday's close was $23.82.


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