Benzinga | Jan 14, 2021 06:36AM EST

Evoke Pharma Priced 5M Share Public Offering of Common Stock @$2.50/Share on Wednesday

Evoke Pharma, Inc. (NASDAQ:EVOK) announced that it has priced an underwritten public offering of 5,000,000 shares of its common stock at a price to the public of $2.50 per share. Gross proceeds, before underwriting discounts and commissions and estimated offering costs, are expected to be $12.5 million. Evoke has granted the underwriter a 45-day option to purchase up to 750,000 additional shares of its common stock. The offering is expected to close on or about January 19, 2021, subject to satisfaction of customary closing conditions.

Laidlaw & Company (UK) Ltd. is acting as sole book-running manager for the offering.