8/20/2014 11:05:54 AM
BEDFORD, Mass.--(BUSINESS WIRE)--Ocular Therapeutix (Nasdaq: OCUL), a biopharmaceutical company focused on the development and commercialization of innovative therapies for diseases and conditions of the eye, announced today that the underwriters of its initial public offering have exercised in full their over-allotment option to purchase an additional 750,000 shares at the initial public offering price of $13.00 per share, less underwriting discounts. After giving effect to the over-allotment closing, the total number of shares sold by Ocular Therapeutix in its initial public offering increased to 5,750,000 shares, which resulted in gross proceeds of approximately $74.8 million and net proceeds of approximately $66.5 million after deducting underwriting discounts and estimated offering expenses.
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