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Chelsea Therapeutics Plans $20 Mln Stock Offering

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Chelsea Therapeutics International, Ltd. (CHTP: Quote) said Thursday that it plans to offer $20.0 million of its common stock in an underwritten public offering.

The company also plans to grant to the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock sold in the public offering to cover over-allotments, if any.

Leerink Swann LLC is acting as the sole book-running manager for the offering. Needham & Company, LLC and Roth Capital Partners, LLC are acting as the co-managers of the offering.

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by RTT Staff Writer

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