TUCKER, GA and BOTHELL, WA, May 01, 2018 (GLOBE NEWSWIRE) -- COCRYSTAL PHARMA, INC. (NASDAQ:
COCP), (“Cocrystal” or the “Company”) a clinical stage biotechnology company focused on developing innovative antiviral
therapeutics, today announced the pricing of an underwritten public offering of 4,210,527 shares of its common stock at a
price to the public of $1.90 per share. The gross proceeds to Cocrystal from this offering are expected to be approximately
$8,000,000 before deducting underwriting discounts and commissions and other estimated offering expenses. Cocrystal has granted the
underwriters a 45-day option to purchase up to an additional 631,578 shares of common stock to cover over-allotments, if any. The
offering is expected to close on May 3, 2018 subject to customary closing conditions.
A.G.P./Alliance Global Partners, offering securities through Euro Pacific Capital, Inc., is acting as sole
book-running manager for the offering.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange
Commission (the “SEC”) and became effective on October 10, 2017.
This offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-220632)
previously filed with the SEC. A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed
offering have been filed with the SEC and are available on the SEC’s website located at http://www.sec.gov. Electronic copies
of the preliminary prospectus supplement may be obtained from A.G.P./Alliance Global Partners, offering securities through Euro
Pacific Capital, Inc., 590 Madison Avenue, 36th Floor, New York, NY 10022 or via telephone at 212-624-2060 or email:
prospectus@allianceg.com. Before investing in this offering, interested parties should read in their entirety the prospectus
supplement and the accompanying prospectus and the other documents that Cocrystal has filed with the SEC that are incorporated by
reference in such prospectus supplement and the accompanying prospectus, which provide more information about Cocrystal and such
offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there
be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or jurisdiction.
About Cocrystal
Cocrystal Pharma, Inc. is a clinical stage biotechnology company discovering and developing novel antiviral
therapeutics that target the replication machinery of hepatitis viruses, influenza viruses, and noroviruses.
Safe Harbor
Certain statements in this press release are forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,”
“believe,” “forecast,” “estimated” and “intend,” among others. These forward-looking statements are based on Cocrystal’s current
expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ
materially from those indicated by such forward-looking statements. These factors include, but are not limited to, risks arising
from: whether or not Cocrystal will be able to raise capital through this offering or consummate this offering, the final terms of
the offering, the satisfaction of customary closing conditions, prevailing market conditions, the impact of general economic
industry or political conditions in the United States or globally, and other factors described in the Company’s most recent Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange
Commission. The Company has based these forward-looking statements on its current expectations and assumptions about future events.
While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant
business, economic, competitive, regulatory, and other risks, contingencies, and uncertainties, most of which are difficult to
predict and many of which are beyond the Company’s control. The Company does not assume any obligations to update any of these
forward-looking statements.
Investor Contact: Jenene Thomas Jenene Thomas Communications, LLC (908) 938-1475 COCP@jtcir.com