[Biotech&Pharma] Seelos Therapeutics Announces Closing of Public Offering of Common Stock

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NEW YORK, Feb. 13, 2020 (GLOBE NEWSWIRE) — Seelos Therapeutics, Inc. (NASDAQ:SEEL), a clinical-stage biopharmaceutical company focused on the development of therapies for central nervous system disorders and rare diseases, announced today the closing of its previously announced underwritten public offering of 6,666,667 shares of its common stock, at a price to the public of $0.75 per share. The net proceeds to Seelos from this offering are expected to be approximately $4.3 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by Seelos. Seelos intends to use the net proceeds from the offering for general corporate purposes and to advance the development of its product candidates.

Raj Mehra, Ph.D., the President, Chief Executive Officer and Chairman of the Board of Directors of Seelos, purchased $100,000 of shares in the offering at the public offering price.

Benchmark Company acted as sole book-running manager for the offering.

The securities described above were offered by Seelos pursuant to a registration statement on Form S-1 (File No. 333-236002) previously filed with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on February 10, 2020.  This offering was made only by …

Full story available on Benzinga.com

Source Benzinga

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