Offering to be conducted by Citigroup, Jefferies and Leerink Partners
By Devika Patel
Knoxville, Tenn., Jan. 29 – Mirati Therapeutics, Inc. said it priced a $45 million public sale of stock with a $6.75 million greenshoe. The deal was announced Wednesday.
The company will sell 2.25 million common shares at $20.00 per share. The price per share is a 13.98% discount to the Jan. 28 closing share price of $21.50.
Citigroup, Jefferies and Leerink Partners are the bookrunning managers.
Settlement is expected Feb. 3.
Proceeds will be used for general corporate purposes, including clinical trials, research and development, working capital and general and administrative expenses.
The targeted oncology company is based in San Diego.
| Issuer: | Mirati Therapeutics, Inc.
|
| Issue: | Common stock
|
| Amount: | $45 million
|
| Greenshoe: | $6.75 million
|
| Shares: | 2.25 million
|
| Price: | $20.00
|
| Warrants: | No
|
| Bookrunners: | Citigroup, Jefferies and Leerink Partners
|
| Announcement date: | Jan. 28
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 3
|
| Stock symbol: | Nasdaq: ESPR
|
| Stock price: | $23.25 at close Jan. 28
|
| Market capitalization: | $304.45 million
|
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