Gemphire Announces Proposed Public Offering of Common Stock
GEMPHIRE THERAPEUTICS INC COMMON (GEMP)
Last gemphire therapeutics inc common earnings: 5/9 04:02 pm
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US:NASDAQ Investor Relations:
ir.gemphire.com
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Source: GlobeNewswire
LIVONIA, Mich., Feb. 07, 2018 (GLOBE NEWSWIRE) -- Gemphire Therapeutics Inc. (NASDAQ:GEMP), a clinical-stage biopharmaceutical company focused on developing and commercializing therapies for cardiometabolic disorders, including dyslipidemia, Non Alcoholic Fatty Liver Disease (NAFLD) and Nonalcoholic Steatohepatitis (NASH), announced today that it has commenced an underwritten public offering of its common stock. All shares of common stock to be sold in the offering will be offered by Gemphire. Gemphire intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock offered in the public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Gemphire anticipates using the net proceeds from the offering for working capital and general corporate purposes. Piper Jaffray & Co. is acting
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