Aptose Biosciences (APTO) Prices 10.5M Share Common Offering at $5.25/Sh

Aptose Biosciences Inc. (NASDAQ: APTO) today announced that it priced its previously announced underwritten public offering of 10,500,000 common shares (the “Offering”) at a public offering price of US$5.25 per share. Gross proceeds from the Offering, before deducting underwriting discounts and commissions and offering expenses payable by Aptose, are expected to be approximately US$55 million. The underwriters have been granted a 30-day option to purchase up to an additional 1,575,000 common shares in the Offering, under the same terms and conditions.

The Offering is expected to close on or about July 20, 2020, subject to satisfaction of customary closing conditions.

Aptose intends to use the net proceeds of the Offering to (i) accelerate and expand clinical trials for CG-806; (ii) accelerate and expand clinical trials for APTO-253; (iii) acquire and fund (including through partnerships and in-licensing) additional clinical assets; and (iv) for working capital and general corporate purposes.

Piper Sandler & Co. is acting as the sole active book-running manager for the Offering. RBC Capital Markets is acting as senior lead manager for the Offering and Oppenheimer & Co. and H.C. Wainwright & Co. are acting as lead managers for the Offering.

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