Attached files
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EX-99.2 - Eton Pharmaceuticals, Inc. | ex99-2.htm |
EX-5.1 - Eton Pharmaceuticals, Inc. | ex5-1.htm |
EX-1.1 - Eton Pharmaceuticals, Inc. | ex1-1.htm |
8-K - Eton Pharmaceuticals, Inc. | form8-k.htm |
Exhibit 99.1
Eton Pharmaceuticals Announces Proposed Public Offering of Common Stock
DEER
PARK, ILL., October 13, 2020 (GLOBE NEWSWIRE) — Eton Pharmaceuticals, Inc (Nasdaq: ETON), a specialty pharmaceutical company
focused on developing and commercializing innovative treatments for rare pediatric diseases, today announced that it is offering
to sell shares of its common stock in an underwritten public offering. The offering is expected to price on or about Wednesday,
October 14, 2020.
Eton
Pharmaceuticals intends to use the net proceeds from the offering primarily for general corporate purposes, which may include
research and development activities, capital expenditures, selling, general and administrative costs, and to meet working capital
needs.
National
Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (NASDAQ: NHLD), is acting as the sole book-running
manager of the offering. The Liquid Venture Partners group at National Securities is responsible for sourcing and executing the
offering.
The
shares described above are being offered by Eton Pharmaceuticals pursuant to a registration statement previously filed with and
subsequently declared effective by the Securities and Exchange Commission (“SEC”). A preliminary prospectus supplement
relating to the offering has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov.
This
press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein,
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. Copies of the preliminary
prospectus supplement, and accompanying base prospectus relating to this offering, may be obtained from National Securities Corporation,
Attn: Charles Wanyama, ECM -Syndicate, 200 Vesey Street, 25th Floor New York, NY 10281, email: cwanyama@yournational.com, telephone:
(212)-417-3634.
About Eton Pharmaceuticals
Eton Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on developing and commercializing innovative treatments for rare pediatric diseases. The company currently owns or receives royalties from three FDA-approved approved products, including ALKINDI® SPRINKLE, Biorphen®, and Alaway® Preservative Free, and has six additional products in its late-stage pipeline, including five that have been submitted to the FDA.
Safe Harbor
This press release contains forward-looking statements regarding the proposed public offering and the intended use of proceeds from the offering. The 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. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially, including those risks disclosed in the section “Risk Factors” included in the preliminary prospectus supplement filed with the SEC on October 13, 2020. Eton Pharmaceuticals cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur.
Company Contact:
David Krempa
dkrempa@etonpharma.com
612-387-3740