Milestone Pharmaceuticals commences underwritten public offering

Milestone Pharmaceuticals (MIST) has commenced an underwritten public offering of its common shares, accompanying Series A warrants to purchase common shares and accompanying Series B warrants to purchase common shares, and, in lieu of common shares to certain investors that so choose, pre-funded warrants to purchase common shares, accompanying Series A Warrants and accompanying Series B warrants. All securities to be sold in the Offering will be sold by Milestone. Milestone intends to use the net proceeds from the Offering, together with existing cash and cash equivalents, to fund the clinical development and commercial launch of etripamil in its lead indication of paroxysmal supraventricular tachycardia, as well as for working capital and other general corporate purposes. TD Cowen, Piper Sandler & Co. and Wells Fargo Securities are acting as joint book-running managers for the Offering. H.C. Wainwright & Co. is acting as lead manager for the Offering.