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Edgewise Therapeutics Announces Closing of Initial Public Offering and Exercise in Full of the Underwriters’ Option to Purchase Additional Shares
BOULDER, Colo.--(BUSINESS WIRE)-- Edgewise Therapeutics, Inc., (NASDAQ: EWTX), a clinical-stage biopharmaceutical company focused on developing orally
About this update from Edgewise Therapeutics, Inc.
[{"type":"text","content":" BOULDER, Colo.--(BUSINESS WIRE)--\nEdgewise Therapeutics, Inc., (NASDAQ: EWTX), a clinical-stage biopharmaceutical company focused on developing orally bioavailable, small molecule therapies for rare muscle disorders, announced today the closing of its initial public offering of 12,650,000 shares of its common stock, which includes the exercise in full of the underwriters’ option to purchase 1,650,000 additional shares of its common stock, at the public offering price of $16.00 per share. Including the option exercise, the aggregate gross proceeds from the offering were $202.4 million, before deducting underwriting discounts and commissions and offering expenses payable by Edgewise. All of the shares were offered by Edgewise. The shares began trading on the Nasdaq Global Select Market on March 26, 2021, under the ticker symbol “EWTX.”\n\nJ.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and SVB Leerink LLC acted as joint book-running managers for the offering. Wedbush Securities Inc. acted as co-manager for the offering.\n\nRegistration statements relating to the offering have been filed with the Securities and Exchange Commission and became effective on March 25, 2021. The offering is made only by means of a prospectus. Copies of the final prospectus may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1115 Long Island Avenue, Edgewood, NY 11717, by phone at (866) 803-9204, or by email at [email protected]; Goldman Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, phone: 1-866-471-2526 or by emailing [email protected] or from SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, by telephone at (800) 808-7525, ext. 6105, or by email at [email protected]. Copies of the registration statements related to the offering are available at www.sec.gov.\n\nThis press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.\n\nAbout Edgewise Therapeutics\n\nEdgewise Therapeutics is a clinical-stage biopharmaceutical company ...