Soliton (SOLY) Prices 4.22M Share Common Offering at $8.30/Sh

Soliton, Inc., (NASDAQ: SOLY) today announced the pricing of its underwritten public offering of 4,216,868 shares of common stock at a public offering price of $8.30 per share. In addition, Soliton has granted the underwriters a 30-day option to purchase up to an additional 632,530 shares of common stock. Soliton anticipates the total gross proceeds from the offering (before deducting the underwriting discounts and offering expenses) will be $35.0 million, excluding any exercise of the underwriters' option to purchase additional shares. The offering is expected to close on June 30, 2020, subject to customary closing conditions.

Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering. Oppenheimer & Co. Inc. is acting as lead manager for the offering and Maxim Group LLC is acting as co-manager for the offering. Roth Capital Partners served as financial advisor to the Company.

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