Arena Pharma (ARNA) Prices 5.5M Share Common Offering at $50/Sh
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Arena Pharmaceuticals Announces Pricing of Public Offering of Common Stock
May 28, 2020 8:30 AM EDTSAN DIEGO, May 28, 2020 /PRNewswire/ -- Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) today announced the pricing of an underwritten public offering of 5,500,000 shares of its common stock at a price to the public of $50.00 per share. All of the shares are being sold by Arena. The gross proceeds from the offering are expected to be $275.0 million, before deducting the underwriting discounts and commissions and offering expenses. The offering is expected to close on June 1, 2020, subject to customary closing conditions. In addition, Arena has granted the underwriters of the offering a 30-day... More
