Aytu BioScience (AYTU) Sells 7.83M Shares at $1.15 in Direct Offering

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Go back to Aytu BioScience (AYTU) Sells 7.83M Shares at $1.15 in Direct Offering

Aytu Announces $9.0 Million Registered Direct Offering Priced At-the-Market

March 11, 2020 8:01 AM EDT

ENGLEWOOD, CO / ACCESSWIRE / March 11, 2020 / Aytu BioScience, Inc. (NASDAQ: AYTU), a specialty pharmaceutical company focused on commercializing novel products that address significant patient needs, today announced that it has entered into a definitive agreement with a single healthcare dedicated institutional investor for the purchase and sale of 7,826,087 shares of Aytu's common stock (or common stock equivalent), at a purchase price of $1.15 per share, in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about March 13, 2020, subject to the satisfaction of customary... More