Zosano Enters into Common Stock Purchase Agreement with Lincoln Park Capital
Zosano Pharma Corporation (ZSAN)
Last zosano pharma corporation earnings: 11/9 04:05 pm
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US:NASDAQ Investor Relations:
ir.zosanopharma.com
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Source: GlobeNewswire
FREMONT, Calif., Oct. 20, 2017 (GLOBE NEWSWIRE) -- Zosano Pharma Corporation (NASDAQ:ZSAN) (“Zosano” or the “Company”) a clinical-stage biopharmaceutical company focused on providing rapid systemic administration of therapeutics to patients using our proprietary ADAM technology, announced today that it has entered into a common stock purchase agreement with Lincoln Park Capital Fund, LLC (“LPC”), a Chicago-based institutional investor, for up to $35 million. After the SEC declares a resale registration statement effective relating to the transaction, Zosano will have the right and the sole discretion to sell to LPC up to $35.0 million worth of shares over a 30-month period subject to certain limitations. Zosano will control the timing and amount of any future investment and LPC will be obligated to make purchases in accordance with the purchase agreement and at a price based on recent prevailing market prices at the time of each sale. Proceeds from the purchase agreement will be
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