January 19, 2017 4:54pm
STML closed DOWN -$0.70 and opened DOWN -$0.4 to $10.60 or -3.64%
No warrants - hu a ...
STML intends to offer and sell, subject to market conditions, shares of its common stock in a public offering. Stemline intends 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 public offering.
Jefferies LLC is acting as book-running manager for the offering.
The Bottom Line: No warrants ... a cleaner deal!