Spectrum Pharma (SPPI) Prices 21.67M Share Common Offering at $3/Sh

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Go back to Spectrum Pharma (SPPI) Prices 21.67M Share Common Offering at $3/Sh

Spectrum Pharmaceuticals Announces Pricing of Public Offering of Common Stock

July 30, 2020 7:00 AM EDT

HENDERSON, Nev.--(BUSINESS WIRE)-- Spectrum Pharmaceuticals, Inc. (Nasdaq: SPPI) (Spectrum or the Company), a biopharmaceutical company focused on novel and targeted oncology therapies, today announced the pricing of an underwritten public offering of 21,666,667 shares of its common stock at a public offering price of $3.00 per share. The gross proceeds to Spectrum from this offering are expected to be approximately $65 million, before deducting underwriting discounts, commissions and estimated offering expenses. In addition, Spectrum has granted the underwriters a 30-day option to purchase up to an additional 3,250,000 shares of common stock. The offering is expected to... More