Mirati Therapeutics Announces Closing Of Public Offering Of Common Stock And Full Exercise Of Underwriters’ Option To Purchase Additional Shares

On June 27, 2019 Mirati Therapeutics, Inc. (Nasdaq: MRTX) reported the closing of its previously reported underwritten public offering of 2,415,000 shares of its common stock at a public offering price of $97.00 per share (Press release, Mirati, JUN 27, 2019, View Source [SID1234537315]). This includes the exercise in full by the underwriters of their option to purchase up to 315,000 additional shares of common stock. The aggregate gross proceeds to Mirati from this offering were approximately $234.3 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Mirati.

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Cowen, Credit Suisse and Barclays acted as joint book-running managers in the offering. Guggenheim Securities and Oppenheimer & Co. acted as co-lead managers and H.C. Wainwright & Co. acted as co-manager in the offering.

The shares of common stock described above were offered by Mirati pursuant to a shelf registration statement filed by Mirati with the Securities and Exchange Commission ("SEC") that became automatically effective upon filing. A final prospectus supplement and accompanying prospectus relating to the offering were filed with the SEC and are available on the SEC’s website located at View Source Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained from Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY,11717, Attn: Prospectus Department, or by telephone: (631) 592-5973, or by emailing [email protected]; from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, Eleven Madison Avenue, 3rd floor, New York, NY 10010, or by telephone: (800) 221-1037, or by emailing [email protected]; or from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling (888) 603-5847, or by email at [email protected].

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 other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.