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Cyclacel Pharmaceuticals announces $10M underwritten offering

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Berkeley Heights-based Cyclacel Pharmaceuticals Inc. announced Friday the pricing of its public offering of 2.857 million shares of common stock at a price of $3.50 per share.

According to the announcement, the company expects to receive approximately $10 million from the offering.

Cyclacel has granted underwriters a 30-day option to purchase up to an additional 428,571 shares of stock.  Laidlaw & Company Ltd. is the sole bookrunning manager for the offering, the company said in a recent press release.

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Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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