WOBURN, Mass.--(BUSINESS WIRE)--ArQule, Inc. (“ArQule” or the “Company”) (NASDAQ: ARQL) announced today the pricing of an underwritten public offering of 7,000,000 shares of its common stock at a public offering price of $7.75 per share. All of the shares are being offered by ArQule pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (“SEC”). In connection with this offering, ArQule has granted a 30-day option to the underwriters to purchase up to 1,050,000 additional shares of common stock at the public offering price to cover over-allotments, if any.
