Sun Biopharma prices $10.5M equity offering

Aug. 28, 2020 7:42 AM ETSun BioPharma, Inc. (SNBP)SNBPBy: Niloofer Shaikh, SA News Editor
  • Sun BioPharma (OTCQB:SNBP) has priced a public offering of 2,545,454 common stock and the same number of warrants at $4.125/share and warrant, for gross proceeds of ~$10.5M.
  • Each warrant entitles the holder to purchase one share of common stock at $4.54 /share.
  • The company will kick-off trading today on the Nasdaq Capital Market.
  • Closing date is September 1.
  • Net proceeds will be used for working capital and general corporate purposes.

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