{"id":514632,"date":"2021-07-19T16:04:24","date_gmt":"2021-07-19T20:04:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/immunic-inc-announces-closing-of-45-0-million-public-offering\/"},"modified":"2021-07-19T16:04:24","modified_gmt":"2021-07-19T20:04:24","slug":"immunic-inc-announces-closing-of-45-0-million-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/immunic-inc-announces-closing-of-45-0-million-public-offering\/","title":{"rendered":"Immunic, Inc. Announces Closing of $45.0 Million Public Offering"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, July 19, 2021<\/span> \/PRNewswire\/ — Immunic, Inc. (the “Company”) (Nasdaq: IMUX), a clinical-stage biopharmaceutical company developing a pipeline of selective oral immunology therapies focused on treating chronic inflammatory and autoimmune diseases, announced the closing of an underwritten public offering of 4,500,000 shares of its common stock at a public offering price of $10.00<\/span> per share.<\/p>\n

The Company received total proceeds from the offering, before deducting the underwriting discounts and other offering expenses, of $45.0 million<\/span>.<\/p>\n

\n Piper Sandler<\/span> acted as sole book-runner for the offering. Ladenburg Thalmann & Co. Inc., Roth Capital Partners and Aegis Capital Corp. acted as co-managers for the offering.<\/p>\n

The Company intends to use the net proceeds of the offering to fund the ongoing clinical development of its three lead product candidates, IMU-838, IMU-935 and IMU-856, and for other general corporate purposes. <\/p>\n

The securities described above were offered by the Company pursuant to a shelf registration statement filed by the Company with the Securities and Exchange Commission (“SEC”), which was declared effective on November 24, 2020<\/span>. A final prospectus supplement and accompanying prospectus related to the offering were filed with the SEC on July 16, 2021<\/span> and are available for free on the SEC’s website at www.sec.gov<\/a>. Copies of the final prospectus supplement and accompanying prospectus related to the offering may be obtained from Piper Sandler<\/span> & Co., 800 Nicollet Mall, J12S03, Minneapolis, MN<\/span> 55402, or by email at prospectus@psc.com<\/a>, or by telephone at (800) 747-3924.<\/p>\n

This press release does 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.<\/p>\n

\n About Immunic, Inc.
<\/b>Immunic, Inc. (Nasdaq: IMUX) is a clinical-stage biopharmaceutical company with a pipeline of selective oral immunology therapies focused on treating chronic inflammatory and autoimmune diseases. The company is developing three small molecule products: its lead development program, IMU-838, a selective immune modulator that inhibits the intracellular metabolism of activated immune cells by blocking the enzyme DHODH and exhibits a host-based antiviral effect, is currently being developed as a treatment option for multiple sclerosis, ulcerative colitis, Crohn’s disease, and primary sclerosing cholangitis. IMU-935, a selective inverse agonist of the transcription factor ROR\u03b3t, is targeted for development in psoriasis, castration-resistant prostate cancer and Guillain-Barr\u00e9 syndrome. IMU-856, which targets the restoration of the intestinal barrier function, is targeted for development in diseases involving bowel barrier dysfunction. For further information, please visit: www.imux.com<\/a>.<\/p>\n

\n Cautionary Statement Regarding Forward Looking Statements
<\/b>This press release contains “forward-looking statements” that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in this press release regarding the offering, including the anticipated use of the net proceeds from the offering, strategy, future operations, future financial position, future revenue, projected expenses, prospects, plans and objectives of management, including in relation to Immunic’s development programs, are forward-looking statements. Immunic may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in the forward-looking statements and you should not place undue reliance on these forward-looking statements. Such statements are based on management’s current expectations and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including those set forth in the sections captioned “Risk Factors” in Immunic’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020<\/span>, subsequent Quarterly Reports on Form 10-Q, and other filings with the SEC. Copies of these filings are available online at www.sec.gov<\/a> or ir.imux.com\/sec-filings. Any forward-looking statement made in this press release speaks only as of the date of this press release. Immunic disclaims any intent or obligation to update these forward-looking statements to reflect events or circumstances that exist after the date on which they were made.<\/p>\n

\n Contact Information<\/b>\n <\/p>\n

Immunic, Inc.
<\/b>Jessica Breu<\/span>
Head of Investor Relations and Communications
+49 89 2080 477 09
jessica.breu@imux.com<\/a><\/p>\n

Or <\/p>\n

Rx Communications Group
Paula Schwartz<\/span>
+1-917-322-2216
immunic@rxir.com<\/a><\/p>\n

\n

\n
\n \"Immunic,
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\u00a0<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/immunic-inc-announces-closing-of-45-0-million-public-offering-301336665.html<\/a><\/p>\n

SOURCE Immunic, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK, July 19, 2021 \/PRNewswire\/ — Immunic, Inc. (the “Company”) (Nasdaq: IMUX), a clinical-stage biopharmaceutical company developing a pipeline of selective oral immunology therapies focused on treating chronic inflammatory and autoimmune diseases, announced the closing of an underwritten public offering of 4,500,000 shares of its common stock at a public offering price of $10.00 per share. The Company received total proceeds from the offering, before deducting the underwriting discounts and other offering expenses, of $45.0 million. Piper Sandler acted as sole book-runner for the offering. Ladenburg Thalmann & Co. Inc., Roth Capital Partners and Aegis Capital Corp. acted as co-managers for the offering. The Company intends to use the net proceeds of the offering to fund the … <\/p>\n

Continue reading “Immunic, Inc. Announces Closing of $45.0 Million Public Offering”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-514632","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nImmunic, Inc. Announces Closing of $45.0 Million Public Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/immunic-inc-announces-closing-of-45-0-million-public-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Immunic, Inc. 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