Edition: Global Global Select Region
Email: Passwd: or sign up free
One News Page
One News Page > Press Releases > Horizon Pharma Prices $75 Million Public Offering of Common Stock and Warrants to Purchase Common Stock
Open news article

Horizon Pharma Prices $75 Million Public Offering of Common Stock and Warrants to Purchase Common Stock

marketwire
Thursday, 20 September 2012

DEERFIELD, IL--(Marketwire - Sep 20, 2012) - Horizon Pharma, Inc. (NASDAQ: HZNP) announced today the pricing of an underwritten public offering of 21,425,000 units, with each unit consisting of one share of its common stock and a warrant to purchase 0.5 of a share of its common stock. The shares of common stock and warrants are being offered at a combined price to the public of $3.50 per unit. The gross proceeds to Horizon from this offering are expected to be approximately $75 million, before deducting underwriting discounts and other offering expenses payable by Horizon. The warrants will be exercisable at $4.57 per share and will expire five years from the date of issuance. The shares of common stock and warrants are immediately separable and will be issued separately. Horizon has granted the underwriters a 30-day option to purchase up to an aggregate of 3,213,750 additional shares of common stock and warrants to purchase 1,606,875 shares of common stock to cover overallotments, if any. All of the units in the offering are being sold by Horizon. The offering is expected to close on or about September 25, 2012, subject to customary closing conditions. Horizon expects to use the net proceeds from the offering primarily to fund ongoing commercialization activities for DUEXIS^® and RAYOS^®, as well as for general corporate purposes.
0
shares
Share on FacebookShare on Twitter Comment
 

You Might Like


Other recent news in Press Releases

Aqua America to Report Earnings for the FIRST QUARTER 2014Bank of AMERICA Reports First-quarter 2014 Net Loss of $276 Million, or $0.05 per Diluted Share, on Revenue of $22.8 Billion(A)Results Include Litigation Expense of $6.0 Billion (Pretax) or Approximately $0.40 per Share (After Tax)
UNITED Insurance Holdings Corp. Schedules 2014 First Quarter Financial Results and Conference CallTEXAS State University - San Marcos Wins 2014 Enactus United States National Championship
Physicians Interactive's Transformative Omnio Medical App Expands from iPad to IPHONE, Android VersionsStates United To Prevent Gun Violence Launches GUN SAFETY PSA Called "Monster In The Closet"
Mayor Coleman, Moms, Gun Violence Survivors, And FAITH LEADERS Gather To Launch New Group That Unites Moms, Mayors And Millions Of Americans To End Gun Violence: 'Everytown For Gun Safety'Welcome .SHIKSHA! The new Internet domain for Indian EDUCATION is now available
'Everytown For Gun Safety' To Launch Today In Las Vegas, Uniting Gun Violence Survivors, Moms, HEALTH CARE Professionals, Veterans, Gun Owners, And Faith And Community Leaders To End Gun ViolenceApartmentFinder.com Releases Updated Google ANDROID™ App

Twitter


Comments

comments powered by Disqus

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2014 One News Page Ltd. All Rights Reserved.  |  About us  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
One News Page - Top Headlines RSS Feed RSS  |  News for my Website  |  Free news search widget  |  Advertise  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |  One News Page on Facebook LIKE us on Facebook  One News Page on Twitter FOLLOW us on Twitter  One News Page on Google+ FIND us on Google+



Bullet: One News Page official news app for iPhone Bullet: Our news app for iPhone
-