BASKING RIDGE, N.J., June 21, 2018 (GLOBE NEWSWIRE) -- electroCore, Inc. (“electroCore”) today announced the pricing of its initial public offering of 5,200,000 shares of common stock at a public offering price of $15.00 per share. All of the shares of common stock are being offered by electroCore. In addition, electroCore has granted the underwriters a 30-day option to purchase up to 780,000 additional shares of common stock at the initial public offering price, less the underwriting discounts and commissions.

electroCore’s common stock is expected to begin trading on the Nasdaq Global Market on June 22, 2018 under the symbol ECOR. The offering is expected to close on or about June 26, 2018, subject to customary closing conditions.

Evercore ISI, Cantor Fitzgerald & Co. and JMP Securities are acting as joint book-running managers for the offering. BTIG LLC is acting as lead manager.

About electroCore

electroCore, Inc. is a commercial-stage bioelectronic medicine company dedicated to improving patient outcomes through its platform non-invasive vagus nerve stimulation therapy initially focused on the treatment of multiple conditions in neurology and rheumatology. The company’s initial targets are the acute treatment of migraine and episodic cluster headache.