Daré Bio down 23% on pricing stock offering

Apr. 09, 2019 8:51 AM ETDaré Bioscience, Inc. (DARE)By: Mamta Mayani, SA News Editor
  • Daré Bioscience (NASDAQ:DARE) prices its public offering of 4,575,000 common shares at $1.10 per share.
  • Underwriters over-allotment is an additional 686,250 shares.
  • Net proceeds of ~$4.4M will be used for working capital and general corporate purposes.
  • Closing date is April 11.
  • Shares are down 23% premarket.
  • Previously: Daré Bio launches equity offering; shares down 19% after hours (April 8)
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