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Arcutis Prices $150M Public Offering Of 15,789,474 Common Shares At $9.50/Share

Author: Benzinga Newsdesk | February 29, 2024 04:00am

The gross proceeds to Arcutis from the offering are expected to be approximately $150.0 million, before deducting underwriting discounts and commissions and offering expenses payable by Arcutis and assuming no exercise of the underwriters' option to purchase additional shares. Subject to the satisfaction of customary conditions, the offering is expected to close on March 4, 2024.

Posted In: ARQT


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