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Evoke to price IPO of stock on Sept. 24 at $12 to $14 per share
Proceeds used for research and development activities for EVK-001
By Aleesia Forni and Devika Patel
Virginia Beach, Va., Sept. 3 - Evoke Pharma, Inc. plans to sell 2.1 million common shares in its initial public offering of common stock on Sept. 24 for trading on Sept. 25, according to an informed source.
According to a Form S-1 filed Friday with the Securities and Exchange Commission, the deal will have a 30-day greenshoe option of 315,000 additional shares and is being conducted on a firm commitment basis.
The shares will be sold at a price expected to be between $12.00 and $14.00 per share.
Aegis Capital Corp. is the bookrunner. Cantor Fitzgerald & Co. and Feltl and Co. are the co-managers.
Proceeds will be used for research and development activities for EVK-001 and for working capital and other general corporate purposes.
The specialty pharmaceutical company is based in San Diego. The company expects its shares will trade on the Nasdaq under the symbol "EVOK."
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