LEXINGTON, Mass., May 8, 2015 (GLOBE NEWSWIRE) -- Aldeyra Therapeutics, Inc. (Nasdaq:ALDX) (Aldeyra), a biotechnology company focused on the development of products to treat diseases related to free aldehydes, today announced the pricing of its follow-on public offering of 2,700,000 shares of its common stock at $7.50 per share. All shares of common stock to be sold in the offering are being offered by Aldeyra. Aldeyra has also granted the underwriters a 30-day option to purchase up to an additional 405,000 shares of common stock.
The offering is expected to close on or about May 13, 2015, subject to customary closing conditions.
Cowen and Company, LLC and Canaccord Genuity Inc. are acting as joint book-running managers and Janney Montgomery Scott LLC and Laidlaw & Company (UK) Ltd. are acting as co-managers for the offering.
A registration statement relating to the shares to be sold in the offering has been filed with the Securities and Exchange Commission, and was declared effective on May 7, 2015. The offering is being made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained from Cowen and Company, LLC on behalf of the underwriters, c/o Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department, by telephone at (631) 274-2806 or by fax at (631) 254-7140.
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 such state or jurisdiction.
About Aldeyra Therapeutics
Aldeyra Therapeutics, Inc., is a biotechnology company focused primarily on the development of products to treat diseases thought to be related to endogenous free aldehydes, a naturally occurring class of toxic molecules. The company has developed NS2, a product candidate designed to trap free aldehydes. Aldeyra has initiated clinical testing of NS2 for the treatment of Sjögren-Larsson Syndrome and noninfectious anterior uveitis. NS2 has not been approved for sale in the U.S. or elsewhere.
Cautionary Note on Forward-Looking Statements
This press release includes forward-looking statements, including statements relating to the anticipated closing of the underwritten public offering. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Applicable risks and uncertainties include those identified under the heading "Risk Factors" included in the prospectus related to the offering, and in other filings that the Company may make with the SEC in the future. The forward-looking statements contained in this press release reflect the Company's current views with respect to future events, and the Company does not undertake and specifically disclaims any obligation to update any forward-looking statements.
CONTACT: Corporate Contact: Stephen Tulipano Aldeyra Therapeutics, Inc. Tel: +1 781-761-4904 Ext. 205 email@example.com Investor Contact: David Burke The Ruth Group Tel: +1 646-536-7009 firstname.lastname@example.orgSource:Aldeyra Therapeutics