BETHESDA, Md., March 18, 2021 (GLOBE NEWSWIRE) — Gain Therapeutics, Inc. (“Gain”) today announced the pricing of its initial public offering of 3,636,364 shares of its common stock at a price of $11.00 per share. The shares are expected to begin trading on the Nasdaq Global Market on March 18, 2021 under the symbol “GANX.” The offering is expected to close on March 22, 2021 subject to customary closing conditions. The underwriters have a 30-day option to purchase up to an additional 545,454 shares of common stock at the initial public offering price, less underwriting discounts and commissions.
BTIG, LLC and Oppenheimer & Co. Inc. are serving as book-running managers for the offering. National Securities Corporation is also acting as co-manager for the offering.
The registration statement relating to this offering has been declared effective by the Securities and Exchange Commission on March 17, 2021. This press release shall not constitute an offer to sell or the 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 registration or qualification under the securities laws of any such state or jurisdiction.
About Gain Therapeutics, Inc.
Gain Therapeutics, Inc. is redefining drug discovery with its See-Tx™ target identification platform. By identifying and optimizing allosteric binding sites that have never before been targeted, Gain is unlocking new treatment options for difficult-to-treat disorders characterized by protein misfolding. In July 2020, Gain Therapeutics, Inc. completed a share exchange with Gain Therapeutics, SA, a Swiss corporation, whereby GT Gain Therapeutics SA became a wholly owned subsidiary of Gain Therapeutics, Inc.
Gain Therapeutics Investor Contact:
+1 (617) 430-7576
Gain Therapeutics Media Contact:
Cait Williamson, Ph.D.
+1 (646) 751-4366