Full Press Release Details
Announces $10.0 Million Public Offering
WALTHAM, Mass., June 9,
2017 - EyeGate Pharmaceuticals, Inc. (NASDAQ: EYEG) ("EyeGate" or
the "Company"), a specialty pharmaceutical company that focuses on developing and commercializing products for treating
diseases and disorders of the eye, announced today the pricing of a public offering of an aggregate of 6,666,667 shares of common
stock (or common stock equivalents) and warrants to purchase an aggregate of 6,666,667 shares of common stock with expected total
gross proceeds of $10.0 million. The offering is expected to close on or about June 14, 2017, subject to satisfaction of customary
The offering was priced
at $1.50 per share of common stock (or common stock equivalent), with each share of common stock (or common stock equivalent) sold
with one five-year warrant to purchase one share of common stock, at an exercise price of $1.50 per share.
to use the net proceeds of the offering to support its operations, including for clinical trials, for working capital and for other
general corporate purposes, which will include the pursuit of the Company's other research and development efforts and could
also include the acquisition or in-license of other products, product candidates or technologies candidates or technologies.
a unit of H.C. Wainwright & Co., is acting as exclusive placement agent for the offering.
are being offered pursuant to a registration statement on Form S-1 (File No. 333-217418) previously filed with the Securities
and Exchange Commission (the "SEC") and declared effective on June 8, 2017 and a related registration statement
that was filed pursuant to Rule 462 promulgated under the Securities Act of 1933 to register additional securities.
The securities may be offered only by means of a prospectus. The preliminary prospectus related to the offering has been filed
with the SEC and a final prospectus related to the offering will be filed with the SEC on or about June 12, 2017. Copies
of the preliminary prospectus and the final prospectus, when available, may be obtained at the SEC's website located at http://www.sec.gov,
and may also be obtained from H.C. Wainwright & Co., LLC by calling (646) 975-6996 or emailing placements@hcwco.com.
shall not constitute an offer to sell or the solicitation of an offer to buy, nor may 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.
EyeGate is a clinical-stage specialty pharmaceutical company
that is focused on developing and commercializing products for treating diseases and disorders of the eye. EyeGate is developing
products using CMHA-S, a modified form of the natural polymer hyaluronic acid (HA), which possesses unique physical and chemical
properties such as hydration and healing properties. The ability of CMHA-S to adhere longer to the ocular surface, resist degradation
and protect the ocular surface makes it well-suited for treating various ocular surface injuries.
EGP-437, EyeGate's other product in clinical trials,
incorporates a reformulated topically active corticosteroid, Dexamethasone Phosphate that is delivered into the ocular tissues
through EyeGate's proprietary innovative drug delivery system, the EyeGate II Delivery System. For more information, please
visit www.EyeGatePharma.com.
Forward-looking Statements
Some of the statements in this press release are "forward-looking"
and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These "forward-looking"
statements include statements relating to, among other things, the commercialization efforts and other regulatory or marketing
approval efforts pertaining to EyeGate's products, including EyeGate's EGP-437 combination product and those of Jade,
a wholly owned subsidiary of EyeGate, as well as the success thereof, with such approvals or success may not be obtained or achieved
on a timely basis or at all. These statements involve risks and uncertainties that may cause results to differ materially from
the statements set forth in this press release, including, among other things, that the offering is subject to closing conditions
that may not be met, plus other risk factors described under the heading "Risk Factors" contained in our Annual Report
on Form 10-K filed with the SEC on February 23, 2017 or described in our other public filings. Our results may also be affected
by factors of which we are not currently aware. The forward-looking statements in this press release speak only as of the date
of this press release. EyeGate expressly disclaims any obligation or undertaking to release publicly any updates or revisions to
such statements to reflect any change in its expectations with regard thereto or any changes in the events, conditions or circumstances
on which any such statement is based.
for EyeGate Pharmaceuticals