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AcelRx Pharmaceuticals prices public offering of common stock

  • AcelRx Pharmaceuticals (NASDAQ:ACRX) prices its public offering of 12,698,412 shares of common stock, at a price of $3.15 per share, for gross proceeds of ~$40M.
  • Underwriters over-allotment is an additional 1,904,761 shares.
  • Net proceeds will be used to fund the commercial launch of DSUVIA and for general corporate purposes.
  • Closing date is November 14.
  • Previously: AcelRx Pharma readies stock offering; shares down 14% premarket (Nov. 9)

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