Stemline Therapeutics, Inc. Announces Exercise of Over-Allotment Option
Published: Jan 30, 2013
NEW YORK, Jan. 29, 2013 (GLOBE NEWSWIRE) -- Stemline Therapeutics, Inc. (Nasdaq:STML), a clinical-stage biopharmaceutical company developing oncology therapeutics that target both cancer stem cells (CSCs) and tumor bulk, today announced the exercise in full of the over-allotment option granted to the representative of the underwriters by Stemline with respect to the purchase of 497,647 shares of common stock at a public offering price of $10.00 per share, less underwriting discounts and commissions. The over-allotment option is being exercised in connection with Stemline's previously announced initial public offering of 3,317,644 shares of common stock. As a result of the exercise of the over-allotment option, the total gross proceeds to Stemline from the offering will be $38,152,910, before deducting underwriting discounts and commissions and other offering expenses.