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Stock impact report

Assembly Biosciences Announces Pricing of $144 Million Offering of Common Stock

Assembly Biosciences, Inc. (ASMB) 
Last assembly biosciences, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.assemblybio.com/investor-relations
Company Research Source: GlobeNewswire
INDIANAPOLIS and SAN FRANCISCO, July 11, 2018 (GLOBE NEWSWIRE) -- Assembly Biosciences, Inc. (Nasdaq:ASMB) (“Assembly”), today announced the pricing of an underwritten public offering of 4,000,000 shares of its common stock to the public at $36.00 per share. The offering is expected to close on or about July 16, 2018, subject to the satisfaction of customary closing conditions. The gross proceeds to Assembly from this offering are expected to be $144 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by Assembly. Assembly has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock at the offering price, less the underwriting discounts and commissions. Assembly intends to use the net proceeds from the sale of the common stock to fund clinical trials, nonclinical studies, research and development and for general corporate purposes.   Jefferies LLC, Leerink Partners LLC, William Show less Read more
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