TFF Pharmaceuticals Announces Closing of $12.3 Million Public Offering
FORT WORTH, Texas, Nov. 29, 2022 (GLOBE NEWSWIRE) -- TFF Pharmaceuticals, Inc. (NASDAQ: TFFP), a clinical-stage biopharmaceutical company focused on developing and commercializing innovative drug products based on its patented Thin Film Freezing (TFF) technology platform, today announced the closing of its previously announced underwritten offering of 10,675,001 shares of its common stock and warrants to purchase up to 5,337,501 shares of common stock. The total offering included 1,392,392 shares of common stock and warrants to purchase 696,196 shares of common stock as a result of the underwriters’ exercise of their option in full.
The public offering price, before the underwriters’ discount and commissions, for each share of common stock and accompanying warrant was $1.15. All of the securities in the offering were sold by TFF Pharmaceuticals, Inc.
The gross proceeds to TFF Pharmaceuticals from the offering are approximately $12.3 million, before deducting underwriting discounts, commissions and other offering expenses. TFF Pharmaceuticals intends to use the net proceeds from the offering for clinical trials, research and development, working capital and general corporate purposes
JonesTrading Institutional Services LLC acted as the sole book-running manager and Newbridge Securities Corporation acted as lead manager for the offering.
The common stock and warrants to purchase common stock described above were offered by TFF Pharmaceuticals pursuant to a registration statement previously filed with and subsequently declared effective by the Securities and Exchange Commission (“SEC”). A final prospectus supplement relating to the offering has been file with the SEC. Copies of the final prospectus supplement relating to the securities being offered may be obtained from JonesTrading Institutional Services LLC, Attn: Syndicate; email: [email protected]; telephone: 212-907-5398. Electronic copies of the final prospectus supplement will also be available on the SEC’s website at http://www.sec.gov.
ABOUT TFF PHARMACEUTICALS
Investor Relations Contact:
Press Room Open for Registered Media, Analysts, Speakers, Exhibitors - Sponsored by Parallel Communications
Scaling & Managing Real-time Communication Workloads in Kubernetes
Solutions Showcase Theatre Presentations on Expo Floor