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Relmada Therapeutics Announces Closing of $115 Million Public Offering of Common Stock, Including Full Exercise of Underwriters' Option to Purchase Additional Shares
NEW YORK, Dec. 9, 2019 /PRNewswire/ -- Relmada Therapeutics, Inc. (Nasdaq: RLMD), a clinical-stage company developing novel therapies for the treatment of
About this update from Relmada Therapeutics, Inc.
[{"type":"text","content":"NEW YORK, Dec. 9, 2019 /PRNewswire/ -- Relmada Therapeutics, Inc. (Nasdaq: RLMD), a clinical-stage company developing novel therapies for the treatment of central nervous system (CNS) diseases, today announced the closing of its previously announced underwritten public offering of 3,833,334 shares of its common stock, which includes the exercise in full by the underwriters of their option to purchase up to 500,000 additional shares of common stock, at a public offering price of $30.00 per share. The gross proceeds from the offering, before deducting underwriting discounts and offering expenses, were approximately $115.0 million. \n\n \nJefferies, SVB Leerink and Guggenheim Securities acted as joint book-running managers for the offering. \nRelmada intends to use the net proceeds from the offering to fund research and development activities for its clinical development programs related to Relmada's lead product candidate, REL-1017 (d-methadone), which is being developed as a rapidly acting, oral agent for the treatment of depression and other potential indications, as well as for working capital and general corporate purposes.\nThe securities described above were offered by Relmada pursuant to a shelf registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission (SEC) on October 31, 2019. The offering was made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A final prospectus supplement relating to the offering has been filed with the SEC and is available on the SEC's website at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus may also be obtained on request by contacting Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at (877) 821-7388, or by e-mail at [email protected]; SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, or by telephone at 1-(800) 808-7525, ext. 6132, or by email at [email protected]; or Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, New York, NY 10017, or by telephone at (212) 518-9658, or by email at [email protected].\nThis press release i...