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Stock impact report

Immuron Prices Underwritten Public Offering of ADSs

Immuron Limited - American Depositary Shares (IMRN) 
Company Research Source: GlobeNewswire
MELBOURNE, Australia, July 17, 2019 (GLOBE NEWSWIRE) -- Immuron Limited (ASX: IMC; NASDAQ: IMRN), an Australian biopharmaceutical company focused on developing and commercializing oral immunoglobulin therapeutics for the treatment of gut mediated diseases, today announced the pricing of an underwritten public offering of 339,130 American Depositary Shares, or ADSs.  Each ADS represents forty (40) ordinary shares of the Company.  Each ADS is being offered at a public offering price of USD$4.00.  The Company has also granted to the underwriter a 45-day option to acquire an additional 50,869 ADSs to cover overallotments in connection with the offering, if any. The offering is expected to close on July 19, 2019, subject to customary closing conditions. ThinkEquity, a division of Fordham Financial Management, Inc., is acting as representative of the underwriters in the offering. The ADSs described above are being offered by Immuron pursuant to a shelf registration statement on Form F Show less Read more
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