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Esperion Announces Proposed Public Offering of Common Stock

Key Takeaway: Esperion Therapeutics has announced a proposed public offering of its common stock to raise capital. The offering will be underwritten by Piper Sandler & Co. and Cantor Fitzgerald & Co., with an option for underwriters to purchase additional shares. The company intends to use the proceeds to support the development and commercialization of its non-statin medicines for managing LDL cholesterol, though completion of the offering is contingent on market conditions.

Market Sentiment Analysis

POSITIVE FACTORS

  • Esperion is initiating a public offering of common stock, which could provide capital for further development.
  • The company has FDA-approved oral medications for LDL-C management, indicating a strong product pipeline.
  • Esperion is evolving with the aim of becoming a leading global biopharmaceutical company.

CONCERNS & RISKS

  • The successful completion of the public offering is subject to market conditions and other uncertainties.
  • There is no assurance regarding the timing or size of the offering, which could affect investor confidence.

Full Press Release Details

Esperion Announces Proposed Public Offering of Common Stock
ANN ARBOR, Mich., October 7, 2025 (GLOBE
NEWSWIRE) - Esperion Therapeutics, Inc. ("Esperion") (Nasdaq: ESPR), a commercial stage biopharmaceutical company
that focuses on developing and commercializing accessible, oral, once-daily, non-statin medicines for patients struggling with elevated
low-density lipoprotein cholesterol (LDL-C), today announced that it has commenced an underwritten public offering of shares of its common
stock. Esperion also intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of the shares
of its common stock offered in the public offering. All of the shares of common stock in the proposed offering are to be sold by Esperion.
The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may
be completed, or as to the actual size or terms of the offering.
Piper Sandler & Co. and Cantor Fitzgerald &
Co. are acting as joint book-running managers for the proposed offering.
The shares of common stock are being offered by
Esperion pursuant to an effective shelf registration statement that was previously filed with the U.S. Securities and Exchange Commission
(SEC) on April 18, 2025 and declared effective by the SEC on April 29, 2025 (File No. 333-286631). The offering is being
made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A preliminary prospectus
supplement relating to and describing the terms of the offering will be filed with the SEC and will be available on the SEC's website
When available, copies of the preliminary prospectus
supplement relating to the offering may also be obtained from Piper Sandler & Co., Attention: Prospectus Department, 350 North
5th Street, Suite 1000, Minneapolis, Minnesota 55401 or by email at prospectus@psc.com; or Cantor Fitzgerald & Co., Attention:
Equity Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022, or by email at prospectus@cantor.com.
The final terms of the offering will be disclosed
in a final prospectus supplement to be filed with the SEC.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or 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.
About Esperion Therapeutics
Esperion is a commercial stage biopharmaceutical
company focused on bringing new medicines to market that address unmet needs of patients and healthcare professionals. Esperion developed
and is commercializing the only U.S. Food and Drug Administration (FDA) approved oral, once-daily, non-statin medicines for patients who
are at risk for cardiovascular disease and are struggling with elevated low density lipoprotein cholesterol (LDL-C). These medications
are supported by the nearly 14,000 patient CLEAR Cardiovascular Outcomes Trial. Esperion continues to build on its success with its next
generation program which is focused on developing ATP citrate lyase inhibitors (ACLYi). New insights into the structure and function of
ACLYi fully enables rational drug design and the opportunity to develop highly potent and specific inhibitors with allosteric mechanisms.
Esperion continues to evolve into a leading global
biopharmaceutical company through commercial execution, international partnerships and collaborations and advancement of its pre-clinical
Forward-Looking Statements
This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, implied and express
statements about Esperion's beliefs and expectations regarding: the timing and size of the proposed public offering, and the possibility
that the proposed offering will be completed on the anticipated terms or at all. The words "anticipate," "believe,"
"estimate," "expect," "intend," "may," "plan," "predict," "project,"
"suggest," "target," "potential," "will," "would," "could," "should,"
"continue," and similar words or expressions are intended to identify forward-looking statements, although not all forward-looking
statements contain these identifying words. Any express or implied statements contained in this press release that are not statements
of historical fact may be deemed to be forward-looking statements. Forward-looking statements are based on management's current
expectations and beliefs and involve risks, uncertainties and other factors that may cause actual events or results to differ materially
from those projected, including, without limitation, fluctuations in Esperion's stock price, changes in market conditions, and satisfaction
of customary closing conditions related to the proposed offering. These and other risks and uncertainties are described in greater detail
in Esperion's filings with the SEC, including in its Annual Report on Form 10-K for the year ended December 31, 2024 and
in its subsequent filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof,
and Esperion disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release,
other than to the extent required by law. No representations or warranties (expressed or implied) are made about the accuracy of any such
forward-looking statements.
Esperion Contact Information:

Frequently Asked Questions

What type of offering did Esperion announce?

Esperion announced an underwritten public offering of its common stock.

Who are the joint managers for the offering?

Piper Sandler & Co. and Cantor Fitzgerald & Co. are the joint managers.

When was the shelf registration statement filed?

The shelf registration statement was filed on April 18, 2025.

What drugs does Esperion develop?

Esperion develops oral, once-daily, non-statin medicines for high LDL-C.

How many patients were in Esperion's CLEAR Trial?

The CLEAR Cardiovascular Outcomes Trial involved nearly 14,000 patients.

Last updated: Oct 7, 2025