Monopar Therapeutics Inc. Announces Full Exercise of Over-Allotment by Underwriters

On December 20, 2019 Monopar Therapeutics Inc. reported that the underwriters of its previously reported initial public offering of common stock have exercised in full their option to purchase an additional 166,666 shares of common stock (Press release, Monopar Therapeutics, DEC 20, 2019, View Source [SID1234552556]). The additional shares were sold at the public offering price of $8.00 per share, before underwriting discounts and commissions. The closing is expected to occur on December 23, 2019, subject to customary closing conditions, bringing the total number of shares sold by Monopar Therapeutics in the initial public offering to 1,277,778 and total gross proceeds to approximately $10.2 million. The total net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $9.3 million from the initial public offering.

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The shares began trading on the Nasdaq Capital Market on December 19, 2019 under the symbol "MNPR."

JonesTrading Institutional Services LLC acted as Lead Bookrunning Manager and Brookline Capital Markets, a division of Arcadia Securities, LLC, acted as Co-Manager for the offering.

The offering of these securities was made only by means of a prospectus. Copies of the final prospectus may be obtained from JonesTrading Institutional Services LLC by calling (212) 907-5332, or by e-mailing [email protected].

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. 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 shares in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state.