WARREN, N.J., Aug. 15, 2018 /PRNewswire/ -- Aquestive
Therapeutics, Inc. (NASDAQ: AQST), a specialty pharmaceutical company focused on identifying, developing and commercializing
differentiated products to address unmet medical needs, today announced the underwriters of its previously announced initial
public offering of common stock have partially exercised their over-allotment option to purchase additional shares. The
underwriters purchased an additional 425,727 shares at the public offering price of $15.00 per
share, resulting in additional gross proceeds of approximately $6.4 million before deducting
underwriting discounts and commissions and estimated offering expenses. After giving effect to the sale of these additional
shares in a closing held earlier today, the total number of shares sold by Aquestive in the initial public offering increased to
4,925,727 shares and gross proceeds were estimated to be approximately $73.9 million.
BMO Capital Markets and RBC Capital Markets acted as joint book-running managers for the offering. Wedbush PacGrow and JMP
Securities acted as co-lead managers for the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on
July 24, 2018. Copies of the final prospectus related to the offering may be obtained from: BMO
Capital Markets Corp., 3 Times Square, New York, NY 10036, Attention: Equity Syndicate
Department, Telephone: (800) 414-3627, Email: bmoprospectus@bmo.com; or RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281, Attention: Equity Syndicate Department, Telephone: (877) 822-4089, Email: equityprospectus@rbccm.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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 Aquestive Therapeutics
Aquestive Therapeutics is a specialty pharmaceutical company focused on identifying, developing and commercializing
differentiated products to address unmet medical needs. Aquestive Therapeutics has a late-stage proprietary product pipeline
focused on the treatment of CNS diseases, and is working to advance orally-administered complex molecules that it believes can be
alternatives to invasively-administered standard of care therapies. As the leader in developing and delivering drugs via its
PharmFilm® technology, Aquestive Therapeutics also collaborates with pharmaceutical partners to bring new molecules to market in
differentiated and highly-marketable dosage forms.
Media inquiries:
Christopher Hippolyte
christopher.hippolyte@syneoshealth.com
212-364-0458
Investor inquiries:
Stephanie Carrington
stephanie.carrington@icrinc.com
646-277-1282
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SOURCE Aquestive Therapeutics