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Stock impact report

CNS Pharmaceuticals Announces Closing Of Initial Public Offering of Common Stock

CNS Pharmaceuticals, Inc. (CNSP) 
Company Research Source: PR Newswire
HOUSTON, Nov. 13, 2019 /PRNewswire/ -- CNS Pharmaceuticals, Inc. (NASDAQ: CNSP) ("Company"), a pre-clinical stage biotechnology company specializing in the development of novel treatments for brain tumors, today announced the closing of its initial public offering of 2,125,000 shares of common stock at an initial public offering price of $4.00 per share. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by the Company, were $8.5 million. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 318,750 shares of common stock at the initial price to the public less underwriting discounts and commissions. The Company's common stock is listed on the NASDAQ Capital Market under the symbol CNSP. The Benchmark Company, LLC acted as sole Book Running Manager for the offering.A registration statement on Form S-1 (File No. 333-232443) relating to the shares was filed with Show less Read more
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