Ocugen, Inc. Announces Proposed Public Offering of Common Stock
31 Luglio 2024 - 10:15PM
Ocugen, Inc. (Nasdaq: OCGN), a biotechnology company focused on
discovering, developing, and commercializing novel gene and cell
therapies and vaccines, today announced that it has commenced an
underwritten public offering (the “offering”) of its common stock.
In addition, Ocugen expects to grant the underwriter a 30-day
option to purchase up to an additional 15% of the aggregate number
of shares of its common stock to be sold in the public offering at
the public offering price, less the underwriting discounts and
commissions. All of the shares of common stock in the offering are
to be sold by Ocugen. The offering is subject to market and other
conditions, and there can be no assurance as to whether or when the
offering may be completed, or as to the actual size or terms of the
offering.
Ocugen intends to use the net proceeds of the proposed offering
for general corporate purposes, capital expenditures, working
capital, and general and administrative expenses.
Titan Partners Group, a division of American Capital Partners,
is acting as the sole book-running manager for the proposed
offering.
The offering is being made by Ocugen pursuant to a shelf
registration statement on Form S-3 (File No. 333-278774) previously
filed with the Securities and Exchange Commission (the “SEC”) on
April 18, 2024, which became effective on May 1, 2024. The
securities may be offered only by means of a prospectus and
prospectus supplement that form a part of the registration
statement. A preliminary prospectus supplement and the accompanying
base prospectus relating to and describing the proposed terms of
the offering will be filed with the SEC and will be available on
the SEC’s website at www.sec.gov. Copies of the preliminary
prospectus supplement and accompanying base prospectus relating to
this offering may be obtained, when available, from Titan Partners
Group LLC, a division of American Capital Partners, LLC, 4 World
Trade Center, 29th Floor, New York, NY 10007, by phone at (929)
833-1246 or by email at prospectus@titanpartnersgrp.com.
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 securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or
jurisdiction.
About Ocugen,
Inc.
Ocugen, Inc. is a biotechnology company focused on discovering,
developing, and commercializing novel gene and cell therapies and
vaccines that improve health and offer hope for patients across the
globe. We are making an impact on patient’s lives through
courageous innovation—forging new scientific paths that harness our
unique intellectual and human capital. Our breakthrough modifier
gene therapy platform has the potential to treat multiple retinal
diseases with a single product, and we are advancing research in
infectious diseases to support public health and orthopedic
diseases to address unmet medical needs.
Cautionary Statement
Regarding Forward
Looking Statements
This press release contains forward-looking statements within
the meaning of The Private Securities Litigation Reform Act of
1995, which are subject to risks and uncertainties. Such
forward-looking statements within this press release include,
without limitation, statements regarding market conditions,
completion, timing, size and use of proceeds of the proposed
offering and our intention to grant the underwriter a 30-day option
to purchase additional shares. There can be no assurance that we
will be able to complete the proposed public offering on the
anticipated terms, or at all. We may, in some cases, use terms such
as “predicts,” “believes,” “potential,” “proposed,” “continue,”
“estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,”
“could,” “might,” “will,” “should” or other words that convey
uncertainty of future events or outcomes to identify these
forward-looking statements. Such statements are subject to numerous
important factors, risks and uncertainties that may cause actual
events or results to differ materially from our current
expectations, such as market and other conditions. These and other
risks and uncertainties are more fully described in our periodic
filings with the SEC, including the risk factors described in the
section entitled “Risk Factors” in the quarterly and annual reports
that we file with the SEC. Any forward-looking statements that we
make in this press release speak only as of the date of this press
release. Except as required by applicable law, we assume no
obligation to update forward-looking statements contained in this
press release whether as a result of new information, future
events, changed circumstances or otherwise, after the date of this
press release.
Ocugen Contact: |
Titan
Partners Contact: |
Tiffany Hamilton |
(929) 833-1246 |
Head of Communications |
prospectus@titanpartnersgrp.com |
Tiffany.Hamilton@Ocugen.com |
|
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