IRVINE, Calif., July 16, 2018 (GLOBE NEWSWIRE) -- Evolus, Inc. (Nasdaq:EOLS) (“Evolus”) announced today that it has
filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) and commenced a proposed
underwritten public offering of 5,000,000 shares of its common stock. The offering is expected to consist of 2,500,000 shares to be
offered by Evolus and 2,500,000 shares to be offered by a selling stockholder of Evolus. In addition, Evolus and the selling
stockholder are expected to grant the underwriters of the offering an option for a period of 30 days to purchase up to an
additional 750,000 shares at the public offering price, less the underwriting discount. Evolus will not receive any proceeds from
the sale of shares by the selling stockholder. The offering is subject to market and other conditions, and there can be no
assurance as to whether or when the offering may be completed.
Cantor Fitzgerald & Co. and Mizuho Securities USA LLC are acting as joint book-running managers for the offering.
SunTrust Robinson Humphrey, Inc. and JMP Securities LLC are acting as lead managers. This proposed offering will be made only by
means of a prospectus. A copy of the preliminary prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital
Markets, 499 Park Ave., 6th Floor, New York, New York 10022, or by e-mail at prospectus@cantor.com; or Mizuho Securities USA LLC,
Attention: Equity Capital Markets, 320 Park Ave., New York, New York 10022, or by e-mail at US-ECM@us.mizuho-sc.com, or by
telephone at (212) 205-7600.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective.
These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes
effective. 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 of these securities under the securities laws of any such state or jurisdiction.
About Evolus
Evolus is a company dedicated to aesthetic medicine focused on providing physicians and their patients with
expanded choices in aesthetic treatments and procedures. Evolus’ lead product candidate, DWP-450, also known by the chemical
name prabotulinumtoxinA, is a 900 kDa purified botulinum toxin type A complex that is being evaluated for the treatment of moderate
to severe glabellar lines.
Forward-Looking Statements
This press release contains certain forward-looking statements, including statements with regard to Evolus’
proposed public offering. Words such as “expects,” “anticipates” and “intends” or similar expressions are intended to identify
forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results
and conditions and no assurance can be given that the proposed public offering discussed above will be completed on the terms
described. Completion of the proposed public offering and the terms thereof are subject to numerous factors, many of which are
beyond the control of Evolus, including, without limitation, failure of customary closing conditions and the risk factors and other
matters set forth in the prospectus included in the registration statement in the form last filed with the SEC. Evolus undertakes
no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise, except as may be required by law.
Evolus Contacts:
Investor Contact:
Brian Johnston, The Ruth Group
Tel: +1 646-536-7028
Email: IR@Evolus.com
