Bookrunners Jefferies and Stifel Nicolaus help fund corporate purposes
By Devika Patel
Knoxville, Tenn., Jan. 30 - NewLink Genetics Corp. said it priced a $45.6 million public sale of stock with a $6.84 million greenshoe. The offering was announced on Tuesday.
The company will sell 4 million common shares at $11.40 per share. The price per share is identical to the Jan. 29 closing share price.
Jefferies & Co., Inc. and Stifel Nicolaus Weisel are the joint bookrunning managers.
Settlement is expected on Feb. 4.
Proceeds will be used for general corporate purposes, including regulatory, clinical trial, research and development, general and administrative and manufacturing expenses.
The biopharmaceutical company is based in Ames, Iowa.
| Issuer: | NewLink Genetics Corp.
|
| Issue: | Common stock
|
| Amount: | $45.6 million
|
| Greenshoe: | $6.84 million
|
| Shares: | 4 million
|
| Price: | $11.40
|
| Warrants: | No
|
| Bookrunner: | Jefferies & Co., Inc., Stifel Nicolaus Weisel
|
| Co-managers: | Baird, Canaccord Genuity Inc. and Cantor Fitzgerald & Co.
|
| Announcement date: | Jan. 29
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 4
|
| Stock symbol: | Nasdaq: NLNK
|
| Stock price: | $11.40 at close Jan. 29
|
| Market capitalization: | $246.59 million
|
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