NEW YORK, July 12, 2016 (GLOBE NEWSWIRE) -- Tonix Pharmaceuticals Holding Corp.(NASDAQ:TNXP) (Tonix), today announced that the underwriters of Tonix’s previously announced public offering that initially closed on June 21, 2016, have purchased an additional 750,000 shares of Tonix’s common stock at a price of $2.00 per share, before deducting the underwriting discount, in connection with the exercise in full of their over-allotment option. Tonix has now sold a total of 5,750,000 shares of its common stock in connection with the offering, with total gross proceeds of $11.5 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by Tonix.
Roth Capital Partners and National Securities Corporation, a wholly-owned subsidiary of National Holdings, Inc., acted as joint book-running managers for the offering.
The shares described above were offered by Tonix pursuant to a registration statement previously filed with and subsequently declared effective by the Securities and Exchange Commission (“SEC”). A final prospectus supplement relating to the offering was filed with the SEC and is available, along with the accompanying base prospectus, 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.
About Tonix Pharmaceuticals Holding Corp.
Tonix is developing next-generation medicines for common disorders of the central nervous system, including fibromyalgia and post-traumatic stress disorder. These disorders are characterized by chronic disability, inadequate treatment options, high utilization of healthcare services, and significant economic burden. This press release and further information about Tonix can be found at www.tonixpharma.com.
