Windtree Therapeutics, Inc. (WINT) to Offer Common Stock

Windtree Therapeutics, Inc. (Nasdaq: WINT) announced that it has commenced an underwritten public offering of its shares of common stock and warrants to purchase shares of common stock. All of the shares of common stock and warrants in the offering will be sold by Windtree. The offering is subject to market conditions, and 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.

Windtree intends to use the net proceeds from the proposed offering, together with other available funds, for the continued advancement of its lead product candidate istaroxime, a first-in-class, dual-acting agent being developed to improve cardiac function in patients with acute heart failure as well as in early cardiogenic shock, including for start-up activities for a second phase 2b clinical trial in acute heart failure, and for the development of its other pipeline product candidates and for working capital and general corporate purposes.

Oppenheimer & Co. Inc. and Ladenburg Thalmann & Co. Inc. are acting as joint book-running managers for the offering. National Securities Corporation is acting as the lead manager for the offering.

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