Hythiam full greenshoe exercised, raising follow-on sale to $43.7 million.

By Ted A. Knutson

Washington, Nov. 18 - Hythiam, Inc. said bookrunner UBS Securities LLC exercised the full over-allotment provision of the company's recent follow-on offering, agreeing to purchase an additional 1.2 million shares at $4.75 per share, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds to the company from the greenshoe are $5.7 million.

The greenshoe was expected to close Friday.

Hythiam originally issued 8 million shares at $4.75 each in a follow-on offering on Nov. 2, raising $38 million.

Los Angeles-based Hythiam makes physiological protocols designed to treat substance dependence.

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