Assertio raises $34 million in stock sale

 
Posted2/16/2021 2:05 PM

LAKE FOREST -- Pharmaceutical company Assertio Holdings Inc. said it completed its offering of common stock at 98 cents as share, raising gross proceeds of about $34.3 million.

After placement agent fees and estimated stock offering expenses, the company received net proceeds of about $32.1 million, Assertio said. The company intends to use the proceeds for general corporate purposes, including working capital.

 

Roth Capital Partners acted as the sole placement agent in connection with the offering.

Assertio has a robust portfolio of branded prescription products in three areas: neurology, hospital care, and pain and inflammation.

0 Comments
                                                                                                                                                                                                                       
 
Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.