Sichenzia Ross Ference LLP Represents Relmada Therapeutics, Inc. in a $115 Million Underwritten Public Offering of Common Sto...
December 10 2019 - 8:00AM
Sichenzia Ross Ference LLP announced today that it represented
Relmada Therapeutics, Inc. (NASDAQ: RLMD), a clinical stage company
developing depression and central nervous system disease therapies,
in the successful completion of an underwritten public offering of
three million shares of Relmada common stock at a price of $30.00
per share.
The underwriters exercised their over-allotment option for an
additional 450,000 shares, bringing gross proceeds to $115 million
before the deduction of underwriting discounts, commissions, and
other estimated offering expenses. Jefferies, SVB Leerink, and
Guggenheim Securities are joint book running managers for the
offering.
Relmada intends to use the net proceeds to fund research and
development for clinical stage programs related to its lead product
candidate, REL-1017 (d-methadone), an oral agent for depression
which recently produced favorable results in clinical trials.
Sichenzia Ross Ference LLP also represented Relmada in the
listing of its Common Stock on the Nasdaq Capital Market, which
commenced trading on October 10, 2019. The firm joined Relmada and
its executive leadership at its Nasdaq Bell Ringing Ceremony on
October 17.
The Sichenzia Ross Ference LLP team was led by Partners Gregory
Sichenzia, Marcelle Balcombe, Barrett DiPaolo, Thomas Rose and
Associate Grant Levine.
About Sichenzia Ross Ference LLP Sichenzia Ross
Ference LLP is a full service law firm with a nationally recognized
corporate, securities and litigation practice that provides
experienced representation in all matters involving the securities
industry. Our attorneys specialize in advising clients in private
placements, initial (IPOs) and secondary public offerings, mergers
and acquisitions (M&A), preparation of SEC filings and listing
to major stock exchanges such as the NYSE (New York Stock
Exchange), NASDAQ and OTC markets. In addition, our litigation and
arbitration attorneys are highly skilled in representing clients
from routine lawsuits to complex cases before the SEC, FINRA and
other tribunals. The firm also complements its core practice areas
with an established commercial real estate and trusts and estates
practice. Visit www.SRF.law to learn
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