Simulations Plus (SLP) Prices 1.818M Share Common Offering at $55/Sh

Simulations Plus, Inc. (NASDAQ: SLP), a premier developer of drug discovery and development software for modeling and simulation software products and services for the pharmaceutical, biotechnology, agrochemical, cosmetics and food industries, today announced the entry into an underwriting agreement relating to the sale of 1,818,182 shares of its common stock at an offering price of $55.00 per share, less underwriting discounts and commission. The offering is expected to close on or about August 10, 2020, subject to satisfaction of customary closing conditions. Simulations Plus has granted the underwriters a 30-day option to purchase up to 272,727 additional shares of common stock at the public offering price, less the underwriting discount, to cover over-allotments, if any.

Oppenheimer & Co. Inc. and Raymond James & Associates, Inc. are acting as joint book-running managers for the offering. Craig-Hallum Capital Group is acting as co-manager for the offering.

The gross proceeds from the offering are expected to be $100 million, before deducting underwriting discounts and commissions and estimated offering expenses.

Simulations Plus intends to use the net proceeds from the offering for strategic mergers and acquisitions, although Simulations Plus has no present commitments or agreements to enter into any such mergers or acquisitions, working capital requirements and other general corporate purposes, including investing in enhanced information and accounting systems, and personnel in support of corporate growth.

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