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Societal CDMO prices 20.75M shares at 40c in underwritten public offering

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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