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Evoke Pharma will conduct at-the-market sale of 649,074 common shares
FBR Capital Markets assists; deal to finance development requirements
By Devika Patel
Knoxville, Tenn., April 15 – Evoke Pharma, Inc. negotiated an at-the-market equity offering of up to 649,074 common shares with agent FBR Capital Markets & Co. on April 15, according to an 8-K and prospectus supplement filed Friday with the Securities and Exchange Commission.
The agent will be paid a 3% commission.
Proceeds will be used for any additional development requirements requested by the FDA, as well as for New Drug Application preparation and pre-commercial activities, including marketing and manufacturing of EVK-001, and for working capital and general corporate purposes.
The specialty pharmaceutical company is based in San Diego.
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