BeyondSpring (BYSI) Prices 1.93M Share Common Offering at $13/Sh

BeyondSpring Inc. (NASDAQ: BYSI) today announced the pricing of its public offering of 1,930,000 ordinary shares at a public offering price of $13.00 per share. The Company also announced the sale of an aggregate of 384,615 ordinary shares at the public offering price to entities affiliated with Decheng Capital in a separate private placement transaction. The gross proceeds from the public offering and the private placement are expected to be approximately $30.1 million, before deducting underwriting discounts and commissions and other offering expenses. The underwriters have a 30-day option to purchase from the Company up to an additional 289,500 ordinary shares at the public offering price. The Company intends to use the net proceeds of this offering and the private placement to support the commercialization of Plinabulin, continued clinical and pre-clinical development and for general corporate purposes. The offering is expected to close on June 23, 2020 and the private placement is expected to close on July 2, 2020, each subject to satisfaction of customary closing conditions.

Jefferies and William Blair are acting as joint book-running managers for the offering. Nomura is acting as lead manager for the offering. H.C. Wainwright & Co. is acting as co-manager for the offering.

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