Societal CDMO announced the pricing of its previously announced underwritten public offering of 20,750,000 shares of its common stock at a public offering price of 40c per share of common stock, for gross proceeds of $8.3M, before underwriting discounts and commissions and offering expenses. The offering is expected to close on or about August 28, 2023, subject to customary closing conditions. Craig-Hallum Capital Group is acting as the sole managing underwriter for the offering.
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