MINNEAPOLIS-ST. PAUL, Minn. & NEW YORK--(BUSINESS WIRE)--Cellectis S.A. (NASDAQ: CLLS – EURONEXT GROWTH: ALCLS) and Calyxt, Inc. (NASDAQ:CLXT) announced that the price of Calyxt’s follow-on public offering of 3,600,000 shares of Calyxt’s common stock launched May 15, 2018 has been set today at $15.00 per share, representing gross proceeds to Calyxt of $54.0 million. Due to demand, this offering was upsized from the previously announced 3,050,000 shares to accommodate Cellectis to buy 550,000 shares.

In connection with the offering, Calyxt granted the underwriters a 30-day option to purchase up to an additional 457,500 shares of Calyxt’s common stock. The closing of the offering is expected to occur on May 22, 2018, subject to customary closing conditions.

Calyxt is a consumer-centric food- and agriculture-focused company. Following the offering, Cellectis will own approximately 71.6% of Calyxt’s outstanding shares of common stock.

Citigroup, Goldman Sachs & Co. LLC and Jefferies are acting as book-running managers for the offering. Wells Fargo Securities is acting as lead manager and BMO Capital Markets Corp. is acting as co-manager.