Cytokinetics (CYTK) Prices 7.29M Share Common Offering at $24/Sh

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Go back to Cytokinetics (CYTK) Prices 7.29M Share Common Offering at $24/Sh

Cytokinetics Announces Pricing of Public Offering of Common Stock

July 16, 2020 11:31 PM EDT

SOUTH SAN FRANCISCO, Calif., July 16, 2020 (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (Nasdaq: CYTK) today announced the pricing of an underwritten public offering of 7,291,667 shares of its common stock at a price to the public of $24.00 per share, before underwriting discounts and commissions. The gross proceeds to Cytokinetics from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Cytokinetics, are expected to be approximately $175.0 million. The offering is expected to close on July 21, 2020, subject to customary closing conditions.  Additionally, Cytokinetics has granted the underwriters a 30-day option to... More