scPharmaceuticals (SCPH) Announces Proposed Share Offering

scPharmaceuticals Inc. (Nasdaq: SCPH) today announced a proposed underwritten public offering of shares (“Shares”) of its common stock or, in lieu of Shares, pre-funded warrants (the “Pre-Funded Warrants”) to purchase Shares (the “Offering”). scPharmaceuticals also expects to grant the underwriters a 30-day option to purchase up to an additional 15% of Shares offered in the Offering. All Shares and Pre-Funded Warrants to be sold in the Offering will be offered by scPharmaceuticals. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the offering.

Leerink Partners and TD Cowen are acting as joint book-running managers for the Offering.

The Offering is being made pursuant to a shelf registration statement on Form S-3, including a base prospectus, which was filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) on March 13, 2024, and declared effective on March 22, 2024 (the “Registration Statement”). A preliminary prospectus supplement related to the Offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying base prospectus relating to the Offering, when available, may be obtained from: Leerink Partners LLC, Attention: Syndicate Department, 53 State Street, 40th Floor, Boston, MA 02109, by telephone at (800) 808-7525, ext. 6105, or by email at [email protected]; and TD Securities (USA) LLC, 1 Vanderbilt Avenue, New York, NY 10017, by telephone at (855) 495-9846 or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

You May Also Be Interested In

• Smith Micro files two SEC registration statements for existing securities
• Ategrity reports record Q2 results, names new CFO
• Cognizant shareholder derivative settlement gets preliminary approval