Audentes Therapeutics Announces Pricing of Public Offering of Common Stock

SAN FRANCISCO, April 18, 2017 /PRNewswire/ -- Audentes Therapeutics, Inc. (Nasdaq: BOLD), a biotechnology company focused on developing and commercializing gene therapy products for patients living with serious, life-threatening rare diseases, today announced the pricing of its underwritten public offering of 5,200,000 shares of its common stock at a price to the public of $14.50 per share before underwriting discounts and commission. The gross proceeds to Audentes from the offering, before deducting the underwriting discounts and commissions and other offering expenses payable by Audentes, are expected to be approximately $75.4 million.  In addition, Audentes has granted the underwriters a 30-day option to purchase up to an additional 780,000 shares of common stock. The offering is expected to close on April 24, 2017, subject to customary closing conditions.

BofA Merrill Lynch, Cowen and Company and Piper Jaffray are acting as joint book-running managers for the offering. Wedbush PacGrow is acting as a co-manager.

Registration statements relating to these securities have become effective as of April 18, 2017.  The offering is being made only by means of a prospectus. A copy of the final prospectus relating to the offering, when available, may be obtained from BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention: Prospectus Department or by email at dg.prospectus_requests@baml.com; Cowen and Company, LLC, c/o Broadridge Financial Services, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at (631) 274-2806; or Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, by telephone at (800) 747-3924 or by email at prospectus@pjc.com.

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.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other federal securities laws.  Any statements contained herein that do not describe historical facts, including, but not limited to, statements regarding the expected gross proceeds and completion of the offering, are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those discussed in such forward-looking statements.  Such risks and uncertainties include, among others, the risks identified in Audentes' filings with the SEC, the prospectus related to the offering, and subsequent filings with the SEC.  Any of these risks and uncertainties could materially and adversely affect Audentes' results of operations, which would, in turn, have a significant and adverse impact on Audentes' stock price.  Audentes cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made.  Audentes undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they were made or to reflect the occurrence of unanticipated events.

Audentes Contacts:

Investor Contact:
Thomas Soloway
415-818-1040
ir@audentestx.com

Media Contact:
Jeffrey Gruis
415-818-1015
media@audentestx.com

 

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SOURCE Audentes Therapeutics, Inc.