Arena Pharmaceuticals Announces Proposed Public Offering of Common Stock
Arena Pharmaceuticals, Inc. (ARNA)
Last arena pharmaceuticals, inc. earnings: 2/26 04:01 pm
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US:NASDAQ Investor Relations:
invest.arenapharm.com/investor-relations
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Source: PR Newswire
SAN DIEGO, April 17, 2017 /PRNewswire/ -- Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) today announced that it intends to offer and sell, subject to market and other conditions, shares of its common stock in an underwritten public offering. Arena expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering. All of the shares are being offered by Arena. 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.Citigroup and Leerink Partners are acting as joint book-running managers for the offering. The shares of common stock described above are being offered by Arena pursuant to a shelf registration statement filed by Arena with the Securities and Exchange Commission (SEC) that was declared effective on July 5, 2016. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC a
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