Marinus Pharmaceuticals prices common stock offering

|About: Marinus Pharmaceuticals (MRNS)|By:, SA News Editor

Marinus Pharmaceuticals (NASDAQ:MRNS) prices its public offering of 12M shares of common stock at a price of $3.75 per share. The total public offering size is expected to be $45M.

Underwriters over-allotment is an additional 1.8M shares.

Net proceeds will be used for the development of clinical trials, regulatory, research and development expenses, for working capital and general corporate purposes.

Closing date is December 17.

Shares are down 6% premarket.

Previously: Marinus Pharma launches 12M-share stock offering; shares down 7% after hours (Dec. 11)

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