Otonomy (OTIC) Commences Public Offering of Common Stock

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Go back to Otonomy (OTIC) Commences Public Offering of Common Stock

Otonomy Announces Proposed Public Offering

July 8, 2020 4:03 PM EDT

SAN DIEGO, July 08, 2020 (GLOBE NEWSWIRE) -- Otonomy, Inc. (Nasdaq: OTIC), a biopharmaceutical company dedicated to the development of innovative therapeutics for neurotology, today announced that it has commenced an underwritten public offering of its common stock. All shares of common stock to be sold in the offering will be offered by Otonomy and, in lieu of common stock, to offer and sell to certain investors pre-funded warrants to purchase shares of its common stock in an underwritten public offering. In addition, Otonomy expects to grant the underwriters a 30-day option... More