Dyax Closes $230 Million Public Offering of Common Stock
April 13 2015 - 2:12PM
Business Wire
Dyax Corp. (NASDAQ: DYAX) today announced the closing of an
underwritten registered public offering of 8,510,000 shares of its
common stock at a price to the public of $27.00 per share. The
shares of common stock issued in the offering included 1,110,000
shares of common stock issued upon the exercise in full by the
underwriters of their option to purchase additional shares. The net
proceeds from the offering were approximately $215,783,800 million,
after deducting the underwriting discount and estimated offering
expenses payable by the Company.
BofA Merrill Lynch and Cowen and Company acted as lead
book-running managers and RBC Capital Markets, LLC acted as joint
book-running manager for the offering. Needham & Company and
Wedbush PacGrow acted as co-managers.
The offering was made pursuant to an automatically effective
shelf registration statement filed with the Securities and Exchange
Commission (the "SEC") on November 14, 2014. A prospectus
supplement relating to the offering was filed with the SEC and
forms a part of the effective registration statement. Copies of the
prospectus supplement and the accompanying prospectus may be
obtained, when available, by sending a request to BofA Merrill
Lynch, 222 Broadway, New York, New York 10038, Attn: Prospectus
Department, or email dg.prospectus_requests@baml.com; or Cowen and
Company, LLC, c/o Broadridge Financial Services, Attention:
Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717,
Telephone: 631-274-2806, Fax: 631-254-7140.
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 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 jurisdiction.
Dyax Corp.Jennifer Robinson, 617-250-5741Director, Investor
Relations and Corporate Communicationsjrobinson@dyax.com
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