Ampio Pharma today announced that it has entered into a securities purchase agreement with investors providing for the registered sale of approximately $6.75 million of shares of common stock at a purchase price of $0.875 per share.
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[16-October-2017] |
ENGLEWOOD, Colo., Oct. 16, 2017 /PRNewswire/ -- Ampio Pharmaceuticals, Inc. (NYSE MKT: AMPE) today announced that it has entered into a securities purchase agreement with investors providing for the registered sale of approximately $6.75 million of shares of common stock at a purchase price of $0.875 per share. The closing of the sale of shares is expected to take place on or about October 18, 2017, subject to certain customary closing conditions. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes, including funding of the Ampion™ clinical trial. Joseph Gunnar & Co., LLC, and Fordham Financial Management, Inc. are acting as placement agents for the offering. The sale of the common stock are being offered by the Company pursuant to a shelf registration statement on Form S-3 (Registration No. 333-217094), which was declared effective by the Securities and Exchange Commission (the “SEC”) on April 20, 2017. A final prospectus supplement will be filed with the SEC and will form a part of the effective registration statement. Copies of the final prospectus supplement and accompanying prospectus relating to this offering may be obtained, when available, by contacting Joseph Gunnar & Co., LLC, Prospectus Department, 30 Broad Street, 11th Floor, New York, NY 10004, telephone 212-440-9600, email: prospectus@jgunnar.com or Fordham Financial Management, Inc. at: 17 Battery Place, Suite 643, New York, NY 10004, by telephone at 212-732-8500, or by email at Compliance@FordhamFinancial.com. This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities law of any such state or jurisdiction. About Ampio Pharmaceuticals: Investor Contact: Forward-Looking Statements: View original content with multimedia:http://www.prnewswire.com/news-releases/ampio-pharmaceuticals-inc-announces-pricing-of-registered-direct-offering-300536969.html SOURCE Ampio Pharmaceuticals, Inc. | ||
Company Codes: AMEX:AMPE |