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Liquidia Shares Slide On Proposed Public Offering

·1 min read

Liquidia Corp (NASDAQ: LQDA) has commenced an underwritten public offering of its common stock. All of the shares are to be sold by the company.

  • Underwriters will be granted a 30-day option to purchase up to an additional 15% of the shares of LQDA's common stock.

  • BofA Securities is the sole book-running manager for the proposed offering. Needham & Company and BTIG are acting as lead managers.

  • Liquidia is offering the shares of common stock according to its shelf registration statement on Form S-3, including a base prospectus that Liquidia previously filed with SEC on December 16, 2020, and declared effective on December 23, 2020.

  • The actual size or terms of the offering are not yet assured.

Price Action: LQDA shares are trading lower by 11.15% at $5.50 during the post-market session on Tuesday.

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