{"id":684256,"date":"2022-09-12T16:04:01","date_gmt":"2022-09-12T20:04:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/revance-announces-proposed-public-offering-of-common-stock\/"},"modified":"2022-09-12T16:04:01","modified_gmt":"2022-09-12T20:04:01","slug":"revance-announces-proposed-public-offering-of-common-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/revance-announces-proposed-public-offering-of-common-stock\/","title":{"rendered":"Revance Announces Proposed Public Offering of Common Stock"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Revance Announces Proposed Public Offering of Common Stock<\/b><\/p>\n<p>NASHVILLE, Tenn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRevance Therapeutics, Inc. (Nasdaq: RVNC), a commercial stage biotechnology company focused on innovative aesthetic and therapeutic offerings (\u201cRevance\u201d or the \u201cCompany\u201d), today announced a proposed underwritten public offering of $150 million of its common stock. In addition, Revance expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock offered in the offering. The Company intends to use the net proceeds from the offering to fund the commercialization of DAXXIFY\u2122, the RHA\u00ae Collection of dermal fillers and OPUL\u00ae, and for working capital, research and development and general corporate purposes. The offering is subject to prevailing 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.\n<\/p>\n<p>\nGoldman Sachs &amp; Co. LLC, Cowen and Company, LLC and Guggenheim Securities, LLC are acting as joint book-running managers for the proposed offering. Barclays Capital Inc. is also acting as a bookrunner for the proposed offering.\n<\/p>\n<p>\nThe securities described above are being offered by Revance pursuant to an automatic shelf registration statement on Form S-3 (File No. 333-250998) previously filed with the Securities and Exchange Commission on November 27, 2020. The offering will be made only by means of a prospectus supplement. When available, copies of the preliminary prospectus supplement and accompanying prospectus relating to the proposed public offering may be obtained by contacting Goldman Sachs &amp; Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526, or by email at <a rel=\"nofollow\" href=\"mailto:Prospectus-ny@ny.email.gs.com\">Prospectus-ny@ny.email.gs.com<\/a>; Cowen and Company, LLC, c\/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department, by telephone at (833) 297-2926, or by email at <a rel=\"nofollow\" href=\"mailto:PostSaleManualRequests@broadridge.com\">PostSaleManualRequests@broadridge.com<\/a>; Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, 8th Floor, New York, New York 10017, or by telephone at (212) 518-9544, or by email at <a rel=\"nofollow\" href=\"mailto:GSEquityProspectusDelivery@guggenheimpartners.com\">GSEquityProspectusDelivery@guggenheimpartners.com<\/a>; or Barclays Capital Inc., c\/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at (888) 603-5847, or by email at <a rel=\"nofollow\" href=\"mailto:barclaysprospectus@broadridge.com\">barclaysprospectus@broadridge.com<\/a>.\n<\/p>\n<p>\nThis 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 other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.\n<\/p>\n<p><b>About Revance<\/b><\/p>\n<p>\nRevance is a commercial stage biotechnology company focused on developing and commercializing innovative aesthetic and therapeutic offerings, including DAXXIFY\u2122 (DaxibotulinumtoxinA-lanm) for injection, the RHA\u00ae Collection of dermal fillers, and OPUL\u00ae, a relational commerce platform for aesthetic practices. Revance has also partnered with Viatris Inc. to develop a biosimilar to BOTOX\u00ae, which would compete in the existing short-acting neuromodulator marketplace. Revance\u2019s therapeutics pipeline is currently focused on muscle movement disorders including evaluating DaxibotulinumtoxinA for Injection in cervical dystonia and upper limb spasticity.\n<\/p>\n<p>\nRevance, the Revance logo and OPUL\u00ae are registered trademarks of Revance Therapeutics, Inc.\n<\/p>\n<p>\nResilient Hyaluronic Acid\u00ae and RHA\u00ae are registered trademarks of Teoxane SA.\n<\/p>\n<p>\nBOTOX\u00ae is a registered trademark of Allergan, Inc.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p><i>This press release contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements, including, without limitation, statements about the completion and timing of the offering, the offering size and the grant of the option to the underwriters to purchase additional shares, are based on management\u2019s current assumptions and expectations and involve risks, uncertainties and other important factors. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include, without limitation, risks and uncertainties related to whether or not Revance will be able to raise capital through the sale of shares of common stock, the final terms of the proposed offering, prevailing market and other conditions, the satisfaction of customary closing conditions related to the proposed public offering and the impact of general economic, industry or political conditions in the United States or internationally. There can be no assurance that Revance will be able to complete the proposed public offering on the anticipated terms, or at all. Revance will need to raise additional capital to fund its operations and may be unable to raise capital when needed, which would force Revance to delay, reduce or eliminate its product development programs or commercialization efforts. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. Additional risks and uncertainties relating to the proposed offering, Revance and its business can be found under the heading &#8220;Risk Factors&#8221; in documents Revance files from time to time with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2021, quarterly reports on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022, the preliminary prospectus supplement relating to this offering and its future periodic reports to be filed with the Securities and Exchange Commission. Revance expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20220912005878r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20220912005878\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20220912005878\/en\/<\/a><\/span><\/p>\n<p>\nINVESTORS<br \/>\n<br \/>Revance Therapeutics, Inc.:<br \/>\n<br \/>Jessica Serra, 626-589-1007<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Jessica.serra@revance.com\">Jessica.serra@revance.com<br \/>\n<\/a><br \/>or<br \/>\n<br \/>Gilmartin Group, LLC.:<br \/>\n<br \/>Laurence Watts, 619-916-7620<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:laurence@gilmartinir.com\">laurence@gilmartinir.com<\/a><\/p>\n<p>\nMEDIA<br \/>\n<br \/>Revance Therapeutics, Inc.:<br \/>\n<br \/>Sara J. Fahy<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Media@revance.com\">Media@revance.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Tennessee United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Biotechnology Pharmaceutical Health<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Revance Announces Proposed Public Offering of Common Stock NASHVILLE, Tenn.&#8211;(BUSINESS WIRE)&#8211; Revance Therapeutics, Inc. (Nasdaq: RVNC), a commercial stage biotechnology company focused on innovative aesthetic and therapeutic offerings (\u201cRevance\u201d or the \u201cCompany\u201d), today announced a proposed underwritten public offering of $150 million of its common stock. In addition, Revance expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock offered in the offering. The Company intends to use the net proceeds from the offering to fund the commercialization of DAXXIFY\u2122, the RHA\u00ae Collection of dermal fillers and OPUL\u00ae, and for working capital, research and development and general corporate purposes. The offering is subject to prevailing market and other &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/revance-announces-proposed-public-offering-of-common-stock\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Revance Announces Proposed Public Offering of Common Stock&#8221;<\/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-684256","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Revance Announces Proposed Public Offering of Common Stock - 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\/revance-announces-proposed-public-offering-of-common-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Revance Announces Proposed Public Offering of Common Stock - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Revance Announces Proposed Public Offering of Common Stock NASHVILLE, Tenn.&#8211;(BUSINESS WIRE)&#8211; Revance Therapeutics, Inc. (Nasdaq: RVNC), a commercial stage biotechnology company focused on innovative aesthetic and therapeutic offerings (\u201cRevance\u201d or the \u201cCompany\u201d), today announced a proposed underwritten public offering of $150 million of its common stock. In addition, Revance expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock offered in the offering. The Company intends to use the net proceeds from the offering to fund the commercialization of DAXXIFY\u2122, the RHA\u00ae Collection of dermal fillers and OPUL\u00ae, and for working capital, research and development and general corporate purposes. 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(Nasdaq: RVNC), a commercial stage biotechnology company focused on innovative aesthetic and therapeutic offerings (\u201cRevance\u201d or the \u201cCompany\u201d), today announced a proposed underwritten public offering of $150 million of its common stock. In addition, Revance expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock offered in the offering. The Company intends to use the net proceeds from the offering to fund the commercialization of DAXXIFY\u2122, the RHA\u00ae Collection of dermal fillers and OPUL\u00ae, and for working capital, research and development and general corporate purposes. 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