For more information please contact:
Head of Healthcare
Michael Margolis, R.Ph
Warren Dunnavant II
Equity Capital Markets
Head of Equity
Senior Vice President
Senior Vice President
Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) has completed an underwritten public offering of 5,000,000 shares of its common stock at a price of $2.00 per share. Tonix has also granted to the underwriters a 45-day option to acquire an additional 750,000 shares to cover overallotments in connection with the offering.
Tonix expects to use the net proceeds of the offering to support the continued development of TNX-102 SL (cyclobenzaprine HCl sublingual tablets) for the management of fibromyalgia, including the completion of the AFFIRM and RE-AFFIRM studies, to further develop TNX-102 SL for the treatment of post-traumatic stress disorder, to further develop our other pipeline programs, and for working capital and other general corporate purposes, and possibly acquisitions of other companies, products or technologies, though no such acquisitions are currently contemplated.
ROTH Capital Partners acted as joint book-running managers for the offering.
About Tonix Pharmaceuticals Holding Corp.
Tonix Pharmaceuticals Holding Corp. is developing next-generation medicines for common disorders of the central nervous system, including fibromyalgia and post-traumatic stress disorder. These disorders are characterized by chronic disability, inadequate treatment options, high utilization of healthcare services, and significant economic burden. For more information, please visit
www.tonixpharma.com. (Source: Company Press Release | 6/16/16)
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