Aclaris Announces Pricing of Public Offering of Common Stock
June 09 2021 - 7:55PM
Aclaris Therapeutics, Inc. (Nasdaq:ACRS), a clinical-stage
biopharmaceutical company focused on developing novel drug
candidates for immuno-inflammatory diseases, today announced the
pricing of its underwritten public offering of 7,042,254 shares of
its common stock at a price to the public of $17.75 per share.
In addition, Aclaris has granted to the underwriters a 30-day
option to purchase up to 1,056,338 additional shares of common
stock at the public offering price, less the underwriting discount.
The gross proceeds from the offering to Aclaris are expected to be
approximately $125.0 million, before deducting underwriting
discounts and commissions and offering expenses, but excluding any
exercise of the underwriters’ option. The offering is expected to
close on or about June 14, 2021, subject to customary closing
conditions.
Jefferies LLC, SVB Leerink LLC and Piper Sandler & Co. are
acting as joint book-running managers for the offering.
A shelf registration statement relating to this offering was
filed with the Securities and Exchange Commission (SEC) and was
effective on May 20, 2021. The offering is being made only by
means of a written prospectus and prospectus supplement that form a
part of the registration statement. A preliminary prospectus
supplement and accompanying prospectus relating to the offering has
been filed with the SEC and is available on the SEC’s website at
www.sec.gov. A final prospectus supplement and accompanying
prospectus will be filed with the SEC. When available, copies
of the final prospectus supplement and the accompanying prospectus
may also be obtained by contacting Jefferies LLC, Attention: Equity
Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New
York, NY 10022; Email: prospectus_department@jefferies.com;
Telephone: (877) 821-7388; SVB Leerink LLC, Attention: Syndicate
Department, One Federal Street, 37th Floor, Boston, MA 02110;
Email: syndicate@svbleerink.com; Telephone: 1-800-808-7525, ext.
6105; or Piper Sandler & Co., Attention: Prospectus Department,
800 Nicollet Mall, J12S03, Minneapolis, MN 55402; Email
prospectus@psc.com; Telephone: (800) 747-3924.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities being offered, nor
shall there be any sale of the securities being offered in any
state or other jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state or other
jurisdiction.
About Aclaris Therapeutics, Inc.
Aclaris Therapeutics, Inc. is a clinical-stage biopharmaceutical
company developing a pipeline of novel drug candidates to address
the needs of patients with immuno-inflammatory diseases who lack
satisfactory treatment options. The company has a multi-stage
portfolio of drug candidates powered by a robust R&D engine
exploring protein kinase regulation.
Forward-Looking Statements
Any statements in this press release about future expectations,
plans and prospects for Aclaris Therapeutics, Inc., including
statements about Aclaris’ public offering related to expected gross
proceeds and anticipated closing date, and other statements
containing the words “anticipate,” “believe,” “estimate,” “expect,”
“intend,” “may,” “plan,” “predict,” “project,” “target,”
“potential,” “will,” “would,” “could,” “should,” “continue,” and
similar expressions, constitute forward-looking statements within
the meaning of The Private Securities Litigation Reform Act of
1995. Actual results may differ materially from those indicated by
such forward-looking statements as a result of various important
factors, including: the uncertainties related to market conditions
and the completion of the public offering on the anticipated terms
or at all and such other factors as are set forth in the risk
factors detailed in Aclaris’ Annual Report on Form 10-K for the
year ended December 31, 2020 and other filings Aclaris makes with
the SEC from time to time. In addition, the forward-looking
statements included in this press release represent Aclaris’ views
as of the date hereof. Aclaris anticipates that subsequent events
and developments will cause Aclaris’ views to change. However,
while Aclaris may elect to update these forward-looking statements
at some point in the future, Aclaris specifically disclaims any
obligation to do so. These forward-looking statements should not be
relied upon as representing Aclaris’ views as of any date
subsequent to the date hereof.
Aclaris Contact
investors@aclaristx.com
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