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Sienna Biopharmaceuticals Prices Public Offering of Common Stock

WESTLAKE VILLAGE, Calif., Feb. 20, 2019 (GLOBE NEWSWIRE) -- Sienna Biopharmaceuticals, Inc. (Nasdaq:SNNA), a clinical-stage biopharmaceutical company, today announced the pricing of an underwritten public offering of 8,000,000 shares of its common stock at a price to the public of $2.50 per share. The gross proceeds to Sienna from the offering are expected to be $20.0 million, before underwriting discounts and commissions and estimated offering costs. Sienna has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of its common stock, on the same terms and conditions. All shares of common stock to be sold in the offering will be offered by Sienna. The offering is expected to close on Feb. 22, 2019, subject to satisfaction of customary closing conditions.
Wednesday, February 20, 2019 - 08:01