Aquestive Therapeutics announced that it intends to offer and sell shares of its common stock in an underwritten public offering. All of the securities in the public offering are being offered by Aquestive. Aquestive intends to use the net proceeds of this offering, together with the company’s existing cash and cash equivalents, primarily to advance the development and commercialization of its product pipeline, including Anaphylm Sublingual Film for the treatment of severe life-threatening allergic reactions, including anaphylaxis, and Libervant Buccal Film for the treatment of seizure clusters in epilepsy patients aged two to five, and for working capital, capital expenditures and general corporate purposes. Leerink Partners and Piper Sandler are acting as joint bookrunning managers for this offering. Oppenheimer & Co. is acting as lead manager for this offering.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AQST:
- Aquestive Therapeutics price target raised to $9 from $7 at H.C. Wainwright
- Aquestive Therapeutics price target raised to $10 from $8 at JMP Securities
- Aquestive Therapeutics’ Anaphylm meets endpoints in Phase 3 allergy study
- Aquestive Therapeutics Announces Pivotal Study for Anaphylm™ (epinephrine) Sublingual Film Successfully Meets Primary and Secondary Endpoints and Provides Clinical Development Update Following FDA Meeting
- Aquestive Therapeutics price target raised to $7 from $6 at H.C. Wainwright