By Devika Patel
Knoxville, Tenn., March 5 - Optimer Pharmaceuticals, Inc. arranged a $5 million direct offering of units and a $27.95 million direct offering of stock on March 4, according to two prospectus supplements filed with the Securities and Exchange Commission.
The company will sell 457,666 units at $10.925 each and 2,794,700 shares at $10.00 apiece.
The units consist of one common share and one warrant for 0.20 of a share. Each whole warrant is exercisable at $10.93 for five years.
Settlement of both deals is expected March 9.
Proceeds will be used primarily to fund clinical and pre-clinical development of Optimer's product candidates, preparation and submission of regulatory filings related to the company's product candidates, pre-launch commercialization and marketing activities, a milestone payment of $5 million to Par Pharmaceutical, Inc. and for general corporate purposes.
San Diego-based Optimer Pharmaceuticals is a biopharmaceutical company specializing on the discovering, developing and commercializing of innovative treatments.
| Issuer: | Optimer Pharmaceuticals, Inc.
|
| Issue: | Common stock, units of one common share and one warrant for 0.20 of a share
|
| Amount: | $32,947,001
|
| Pricing date: | March 4
|
| Settlement date: | March 9
|
| Stock symbol: | Nasdaq: OPTR
|
| Stock price: | $10.93 at close March 4
|
| Market capitalization: | $321 million
|
|
|
| Shares
|
| Amount: | $27,947,000
|
| Shares: | 2,794,700
|
| Price: | $10.00
|
| Warrants: | No
|
|
|
| Units
|
| Amount: | $5,000,001
|
| Units: | 457,666
|
| Price: | $10.925
|
| Warrants: | One warrant for 0.20 of a share per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $10.93
|
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