Applied Molecular Transport’s $105 Million Public Offering

Wilson Sonsini Goodrich & Rosati advised Applied Molecular Transport on the deal.

Applied Molecular Transport (AMT), a clinical-stage biopharmaceutical company leveraging its proprietary technology platform to design and develop a pipeline of novel biologic product candidates to treat autoimmune, inflammatory, metabolic, and other diseases, announced the pricing of an underwritten public offering of 2,500,000 shares of its common stock at a public offering price of $42.00 per share. All of the shares of common stock are being offered by AMT. 

AMT has granted the underwriters a 30-day option to purchase up to an additional 375,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds to AMT from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by AMT, are expected to be $105 million, excluding any exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on April 6, subject to the satisfaction of customary closing conditions. 

The Wilson Sonsini team advising AMT on the transaction included: Ken Clark (Picture), Tony Jeffries, Michael Coke, Christina Poulsen, Rachel Nagashima, Bartek Sudol, Zack Lenox, Marianne Stark Bradley, Maya Skubatch, Rex Watkins, Jeff Seidel, Trisha Agrawal, Brandon Gantus, Myra Sutanto Shen, David Hoffmeister, Eva Yin, Matt Staples, Amy Caiazza and Christine Liu. 

Involved fees earner: Trisha Agrawal – Wilson Sonsini Goodrich & Rosati; Amy Caiazza – Wilson Sonsini Goodrich & Rosati; Kenneth Clark – Wilson Sonsini Goodrich & Rosati; Michael Coke – Wilson Sonsini Goodrich & Rosati; Brandon Gantus – Wilson Sonsini Goodrich & Rosati; David Hoffmeister – Wilson Sonsini Goodrich & Rosati; Tony Jeffries – Wilson Sonsini Goodrich & Rosati; Zack Lenox – Wilson Sonsini Goodrich & Rosati; Christine Liu – Wilson Sonsini Goodrich & Rosati; Rachel Nagashima – Wilson Sonsini Goodrich & Rosati; Christina Poulsen – Wilson Sonsini Goodrich & Rosati; Jeff Seidel – Wilson Sonsini Goodrich & Rosati; Maya Skubatch – Wilson Sonsini Goodrich & Rosati; Matthew Staples – Wilson Sonsini Goodrich & Rosati; Bartek Sudol – Wilson Sonsini Goodrich & Rosati; Myra Sutanto Shen – Wilson Sonsini Goodrich & Rosati; Rex Watkins – Wilson Sonsini Goodrich & Rosati; Eva Yin – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Applied Molecular Transport;

Author: Martina Bellini