NEW HAVEN, Conn., March 15, 2021 /PRNewswire/ -- Biohaven
Pharmaceutical Holding Company Ltd. (NYSE: BHVN), a
commercial–stage biopharmaceutical company with a marketed drug for
the acute treatment of migraine and a portfolio of innovative,
late–stage product candidates targeting neurological diseases,
including rare disorders, today announced the pricing of its
underwritten public offering of 2,686,409 of its common shares at a
price to the public of $76.00 per
share. In addition, Biohaven has granted the underwriter a
30-day option to purchase up to an additional 402,961 common shares
at the public offering price, less underwriting discounts and
commissions. The gross proceeds from the offering are
expected to be approximately $200
million before deducting underwriting discounts and
commissions and estimated offering expenses payable by
Biohaven. The offering is expected to close on March 17,
2021, subject to satisfaction of customary closing conditions.
Goldman Sachs & Co. LLC is acting as the book-running
manager of the offering.
The offering is being made only by means of a prospectus
supplement and the accompanying prospectus, copies of which, when
available, may be obtained from the offices of Goldman Sachs &
Co. LLC, Attention: Prospectus Department, 200 West Street,
New York, NY 10282, telephone:
1–866-471-2526, facsimile: 212-902-9316 or by emailing
Prospectus-ny@ny.email.gs.com.
The shares will be issued pursuant to an effective shelf
registration statement on Form S-3. Copies of the
registration statement can be accessed through the SEC's website at
www.sec.gov. This press release shall not constitute an offer
to sell or a solicitation of an offer to buy any of these
securities, nor shall there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
applicable securities laws of such state or jurisdiction.
Contact
Dr. Vlad Coric
Chief Executive Officer
Biohaven Pharmaceutical Holding Company Ltd.
Phone: (203) 404-0410
Email: vlad.coric@biohavenpharma.com
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SOURCE Biohaven Pharmaceutical Holding Company Ltd.