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Achaogen closes common stock offering

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Achaogen closes common stock offering

Achaogen Inc. closed its underwritten public offering of 5 million common shares at $22.50 apiece with gross proceeds of about $112.5 million and net proceeds of about $105.4 million.

The company also granted underwriters an option to buy up to an additional 750,000 shares.

Leerink Partners and Cowen and Stifel acted as joint book-running managers for the offering, with Guggenheim Securities and Wedbush PacGrow as joint lead co-managers.