Full Press Release Details
Eyenovia Announces Pricing of Initial
New York, NY - January 25, 2018
- Eyenovia Inc. ("Eyenovia"), a clinical stage biopharmaceutical company developing a pipeline of ophthalmology
products utilizing its patented piezo-print technology to deliver micro-therapeutics topically to the eye, today announced the
pricing of its initial public offering of 2,730,000 shares of common stock at a price of $10.00 per share. In addition, Eyenovia
has granted the underwriters a 30-day option to purchase up to an additional 409,500 shares of common stock at the initial public
offering price, less the underwriting discounts and commission, to cover overallotments if any. The gross proceeds to Eyenovia
from the initial public offering are expected to be $27.3 million, before underwriting discounts and commissions and other estimated
offering expenses. The shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "EYEN"
on January 25, 2018. The offering is expected to close on January 29, 2018, subject to customary closing conditions.
Ladenburg Thalmann & Co. Inc., a subsidiary
of Ladenburg Thalmann Financial Services Inc. (NYSE American:LTS) and Roth Capital Partners are acting as joint book-running managers
A registration statement relating to these
securities has been filed with the Securities and Exchange Commission (SEC) and was declared effective on January 24, 2018. This
offering will be made only by means of a final prospectus. A copy of the final prospectus relating to the offering will be filed
with the SEC, and may be obtained from: Ladenburg Thalmann & Co. Inc., 277 Park Avenue, 26th Floor, New York, NY
10172, telephone: (212) 409-2000 or email prospectus@ladenburg.com or from Roth Capital Partners, LLC, Attn: Prospectus
Department, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, telephone: (800) 678-9147.
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 jurisdiction
in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction.
Eyenovia is a specialty biopharmaceutical
company building a portfolio of next generation topical eye treatments based on its proprietary delivery and formulation platform
for micro-therapeutics. Eyenovia's pipeline is currently focused on the late-stage development of micro-therapeutics for
glaucoma and other eye diseases.
Forward-Looking Statements
This press release includes certain disclosures
which contain "forward-looking statements," including, without limitation, statements regarding the anticipated timing
of completion of the offerings of Eyenovia's common stock. You can identify forward-looking statements because they contain
words such as "believes" and "expects." Forward-looking statements are based on Eyenovia's current
expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties,
risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which
are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause
actual results to differ materially from those in the forward-looking statements are set forth in Eyenovia's filings with
the SEC, including its registration statement on Form S-1, as amended from time to time, under the caption "Risk Factors."
Any forward-looking statements included
in this press release are made only as of the date of this release. We do not undertake any obligations to update or supplement
any forward-looking statements to reflect subsequent events or circumstances. We cannot assure you that projected events will be
Chief Financial Officer
Phone: 646-536-7012/7035