Intra-Cellular Therapies (ITCI) Prices 10M Share Common Offering at $29.50/Sh

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Go back to Intra-Cellular Therapies (ITCI) Prices 10M Share Common Offering at $29.50/Sh

Intra-Cellular Therapies Prices Public Offering of Common Stock

January 7, 2020 9:47 PM EST

NEW YORK, Jan. 07, 2020 (GLOBE NEWSWIRE) -- Intra-Cellular Therapies, Inc. (Nasdaq: ITCI), a biopharmaceutical company, today announced the pricing of its previously announced underwritten public offering of 10,000,000 shares of its common stock at a public offering price of $29.50 per share. All of the shares in the offering will be sold by Intra-Cellular Therapies, with gross proceeds to Intra-Cellular Therapies expected to be $295 million from the offering of an aggregate of 10,000,000 shares before deducting underwriting discounts and commissions and offering expenses.

Intra-Cellular Therapies has granted the underwriters a 30-day option to purchase... More