Brief: Biophytis To Launch Proposed Public Offering, Nasdaq Listing

Biophytis SA

03/02/2021 07:15

Feb 3 (Reuters) - BIOPHYTIS SA  ALBPS.PA :
    * BIOPHYTIS ANNOUNCES THE LAUNCH OF ITS PROPOSED PUBLIC
OFFERING
AND NASDAQ LISTING
    * H.C. WAINWRIGHT & CO. IS ACTING AS SOLE BOOK-RUNNING
MANAGER FOR
ADS OFFERING.
    * INTENTION TO OFFER AND SELL UP TO 12.0 MILLION ORDINARY
SHARES
REPRESENTED BY 1.2 MILLION AMERICAN DEPOSITARY SHARES ("ADSS")
    * BIOPHYTIS INTENDS TO GRANT TO H.C. WAINWRIGHT & CO. A
30-DAY
OPTION TO PURCHASE UP TO 1.8 MILLION ADDITIONAL ORDINARY SHARES
REPRESENTED BY 180,000 ADSS IN ADS OFFERING ("OPTION")
    * EACH ADS REPRESENTING TEN ORDINARY SHARES, IN UNITED
STATES
("ADS OFFERING")
    * OFFERING PRICE IS EXPECTED TO BE BETWEEN $15.00 AND $18.00
PER
ADS, OR BETWEEN EUR 1.25 AND EUR 1.50 PER ORDINARY SHARE
    * HAS APPLIED TO LIST ADSS TO BE SOLD IN ADS OFFERING ON
NASDAQ
CAPITAL MARKET UNDER TICKER SYMBOL "BPTS"
    * GROSS PROCEEDS FROM ADS OFFERING IS EXPECTED TO BE
APPROXIMATELY
$19.8 MILLION, OR EUR 16.5 MILLION, ASSUMING NO EXERCISE OF
OPTION
    * SETTLEMENT AND DELIVERY OF ADS OFFERING IS EXPECTED TO
OCCUR ON
THIRD TRADING DAY FOLLOWING FINAL PRICING AND ALLOCATION OF ADS
OFFERING

Source text for Eikon:  ID:nGNE9b9XJ7 
Further company coverage:  ALBPS.PA 

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