ContraFect (CFRX) Prices 10M Share Common Offering at $5/Sh

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ContraFect Corporation Prices Public Offering of Common Stock

March 17, 2021 11:00 PM UTC

YONKERS, N.Y., March 17, 2021 (GLOBE NEWSWIRE) -- ContraFect Corporation (Nasdaq: CFRX), a clinical-stage biotechnology company focused on discovering and developing direct lytic agents for the treatment of life-threatening infectious diseases, today announced the pricing of its underwritten public offering of 10,000,000 shares of its common stock at a public offering price of $5.00 per share. ContraFect has also granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its common stock. The gross proceeds from the public offering will be $50 million, before deducting underwriting discounts and commissions and offering... More