SAN DIEGO, Dec. 8 /PRNewswire-FirstCall/ -- Arena Pharmaceuticals, Inc. announced today the pricing of its public offering of 11,500,000 shares of its common stock at a public offering price of $13.21 per share. All of the shares are being offered by Arena. The underwriters have a 30-day option to purchase up to an additional 1,725,000 shares of common stock to cover over-allotments, if any.
CIBC World Markets Corp. is acting as sole book-running manager in this offering. Cowen and Company, LLC and Piper Jaffray & Co. are acting as co-lead managers. Needham & Company, LLC, Leerink Swann & Co., Inc., Fortis Securities LLC, Morgan Joseph & Co. Inc. and Oppenheimer & Co. Inc. are acting as co-managers.
Registration statements relating to these securities have become effective by order or rule of the Securities and Exchange Commission. Sales of shares pursuant to this offering may be made only by means of the final prospectus supplement and related prospectus, copies of which can be obtained from CIBC World Markets Corp. by email at useprospectus@us.cibc.com, by fax at 212-667-6303, or by mail at CIBC World Markets Corp., Attn: USE Prospectus Department, 9th floor, 622 3rd Ave., NY, NY 10016. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Contacts: Jack Lief Carolyn Wang President and CEO WeissComm Partners Media Relations David Walsey 415.946.1065 Director, Corporate Communications Arena Pharmaceuticals, Inc. 858.453.7200, ext. 1479 www.arenapharm.com
Arena Pharmaceuticals, Inc.CONTACT: Jack Lief, President and CEO, or David Walsey, Director,Corporate Communications, both of Arena Pharmaceuticals, Inc.,+1-858-453-7200 ext. 1479; or Carolyn Wang of WeissComm Partners, MediaRelations, +1-415-946-1065, for Arena Pharmaceuticals, Inc.
Web site: http://www.arenapharm.com/
