Senomyx, Inc. (NASDAQ: SNMX) announced today
the pricing of an underwritten public offering of 7,142,857 shares of
its common stock at a price to the public of $2.80 per share. The gross
proceeds from the sale of the shares, before underwriting discounts and
commissions and other offering expenses, are expected to be
approximately $20.0 million. The offering is expected to close on or
about February 18, 2010, subject to customary closing conditions.
Senomyx has also granted the underwriters a 30-day option to purchase up
to an aggregate of 1,071,428 additional shares of common stock to cover
over-allotments, if any. All of the shares in the offering are being
sold by Senomyx.
Senomyx anticipates using the net proceeds from the offering to fund
research and development efforts, and for general corporate purposes,
including working capital.
Deutsche Bank Securities Inc. is acting as sole book-running manager for
the offering. Needham & Company, LLC and Roth Capital Partners, LLC are
acting as co-managers of the offering. A copy of the final prospectus
supplement and accompanying prospectus relating to the offering, when
available, may be obtained for free by visiting EDGAR on the SEC website
at www.sec.gov
or by contacting Deutsche Bank Securities Inc., Attention: Prospectus
Department, 100 Plaza One, Jersey City, New Jersey 07311, Telephone
number: (800) 503-4611, Email: [email protected].
A shelf registration statement relating to the shares was filed with the
Securities and Exchange Commission and is effective.