MEI Pharma raises $45.5M capital via stock offering
Dec. 02, 2021 12:43 AM ETMEI Pharma, Inc. (MEIP)By: SA News Team
- MEI Pharma (NASDAQ:MEIP) has priced the public offering of 17.5M shares of its common stock at $2.60/share for total gross proceeds of $45.5M.
- Underwriters' over-allotment is an additional 2.625M shares.
- Net proceeds will be used for progress of clinical development programs, commercial launch of zandelisib, and for other general corporate purposes.
- Closing date is December 6, 2021.
- Shares down 2.2% after-hours. Yesterday's close was $3.03.
- Previously (Nov. 30): MEI Pharma launches offering of 17.5M common shares