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Joint Bookrunner on Soleno Therapeutics, Inc.'s $69,000,000 Underwritten Public Offering

  • Oppenheimer & Co. Inc.
  • October 10, 2023
Oppenheimer & Co. Inc. acted as Joint Bookrunner on Soleno Therapeutics, Inc.’s $69,000,000 Underwritten Public Offering and Placement Agent on its $60,000,000 Concurrent Private Placement

Soleno Therapeutics, Inc. (Nasdaq:SLNO), (“Soleno” or the “Company”), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, announced today the closing of the underwritten public offering of 3,450,000 shares of its common stock at a public offering price of $20.00 per share, which included the exercise in full by the underwriters of their option to purchase additional shares. The gross proceeds of the public offering were $69.0 million, before deducting the underwriting discount and other estimated offering expenses. Soleno also announced the closing of approximately $60.0 million of shares of its common stock and pre-funded warrants in a concurrent private offering pursuant to the securities purchase agreement with certain investors, including entities affiliated with existing stockholders, at a price per share of common stock equal to the public offering price of $20.00 and a price per pre-funded warrant of $19.99. Adage Capital Partners LP, Commodore Capital, Frazier Life Sciences, Nantahala Capital, Perceptive Advisors, Woodline Partners LP, and other existing investors participated in the concurrent private placement.

soleno deal

Guggenheim Securities, LLC, Cantor Fitzgerald & Co., and Oppenheimer & Co. Inc. acted as the joint book-running managers for the public offering and placement agents for the concurrent private placement. Laidlaw & Company (UK) Ltd. acted as lead manager for the offering and a placement agent for the concurrent private placement.

Michael Margolis

Michael A. Margolis, R.Ph.


Senior Managing Director, Co-Head of Healthcare, Head of Healthcare Life Sciences

Name: Title:


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