Acer Therapeutics announces partial exercise of over-allotment option in public offering [Seeking Alpha]
Acer Therapeutics Inc. (ACER)
Last acer therapeutics inc. earnings: 3/18 04:05 pm
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US:NASDAQ Investor Relations:
acertx.com/investor-relations
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Source: Seeking Alpha
Acer Therapeutics announces partial exercise of over-allotment option in public offeringAcer Therapeutics (NASDAQ:ACER)announces that the underwriters of itsprevious public offering of common stock have partially exercised their over-allotment option by purchasing an additional 130,000 shares at a price of $12 per share, resulting in additional gross proceeds of $1.56M.The total number of shares sold increased to 1,046,667 shares, after giving effect to the partial exercise and the total gross proceeds increased to $12.56M.Net proceeds will be used to fund its R&D efforts, for development and commercialization of EDSIVO, for working capital and general corporate purposes.Yesterday's close was $14.08.Click to subscribe to real-time analytics on ACERNow read:Verastem: Looks Undervalued Despite Cash Concerns »
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