WASHINGTON (dpa-AFX) - Healthcare company ArQule, Inc. (ARQL) said Monday it has completed the public offering of 8,222,500 shares of its common stock, including 1,072,500 shares issued pursuant to the underwriters' full exercise of their option to purchase additional share, at a public offering price of $7.30 per share.
The company said that net proceeds from the offering was about $56 million after deducting underwriting discounts and commissions and estimated offering expenses.
Citigroup and Leerink Swann acted as joint book-running managers for the offering. Lazard Capital Markets, RBC Capital Markets and Oppenheimer & Co. acted as co-managers.
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