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Stockreport

MediciNova Announces Pricing of Underwritten Public Offering of Common Stock

MEDICINOVA (MNOV)  More Company Research Source: GlobeNewswire
Last medicinova earnings: 2/13 04:34 pm Check Earnings Report
PDF LA JOLLA, Calif., Feb. 07, 2018 (GLOBE NEWSWIRE) -- MediciNova, Inc., a biopharmaceutical company traded on the NASDAQ Global Market (NASDAQ:MNOV) and the JASDAQ Market of the Tokyo Stock Exchange (Code Number: 4875), announced today the pricing of an underwritten public offering of 4,419,890 shares of its common stock at a price to the public of $9.05 per share.  The gross proceeds to MediciNova from this offering are expected to be approximately $40.0 million, before deducting the underwriting discount and other estimated offering expenses.  All of the shares of common stock to be sold in the offering are being offered by MediciNova.  In addition, MediciNova has granted the underwriters a 30-day option to purchase up to an additional 662,983 shares of common stock at the public offering price, less underwriting discounts and commissions.  The offering is expected to close on or about February 12, 2018, subject to customary closing conditions. MediciNova intends to use the net pro [Read more]

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