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Cyclacel Pharmaceuticals, Inc. (NASDAQ: CYCC), a biopharmaceutical company developing innovative medicines based on cancer cell biology, has closed an underwritten public offering of 2,078,214 shares of its common stock, which includes 271,071 additional shares pursuant to the full exercise of the over-allotment option granted to the underwriters. The shares were sold at the public offering price of $7.00 per share, resulting in the gross proceeds to Cyclacel Pharmaceuticals of approximately $14.5 million.
Cyclacel intends to use the proceeds from this offering to support the Company’s growth strategy and for working capital and general corporate purposes, including research and development expenses, and capital expenditures.
Roth Capital Partners acted as co-manager for the offering.
About Cyclacel Pharmaceuticals, Inc.
Cyclacel is a clinical-stage, biopharmaceutical company developing innovative cancer medicines based on cell cycle, transcriptional regulation and mitosis biology. The transcriptional regulation program is evaluating fadraciclib, a CDK2/9 inhibitor, and the anti-mitotic program CYC140, a PLK1 inhibitor, in patients with both solid tumors and hematological malignancies. Cyclacel's strategy is to build a diversified biopharmaceutical business based on a pipeline of novel drug candidates addressing oncology and hematology indications. For more information, please visit
(Source: Company Press Release | 03.16.21)
About Roth Capital Partners
Roth Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and
their investors. As a full-service investment bank, Roth provides capital raising, M&A advisory, analytical research, trading,
market-making services and corporate access. Headquartered in Newport Beach, CA, Roth is privately-held and employee owned, and
maintains offices throughout the U.S. For more information on Roth, please visit
Date of Announcement: 04.07.21
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