VistaGen Therapeutics’ $100 Million Public Offering


Latham & Watkins LLP represented VistaGen in the transaction.

VistaGen Therapeutics, Inc. (VistaGen) closed its underwritten public offering of 63 million shares of its common stock, at an offering price of US$.92 per share, and 2 million shares of its newly created Series D convertible preferred stock, at a public offering price of US$21.16 per share. The gross proceeds to VistaGen from the offering, before deducting underwriting discounts and commissions and offering expenses, were US$100 million.

VistaGen is a biopharmaceutical company committed to developing a new generation of medicines with potential to go beyond the current standard of care for anxiety, depression and other central nervous system disorders.

Latham & Watkins LLP represented VistaGen in the transaction with a capital markets team led by partners Christopher Lueking (Picture) and Nathan Ajiashvili, with associates Scott Westhoff, Jonathan Sarna, Sara Mykrantz and Omeed Valipour. Advice was also provided on regulatory matters by partner Elizabeth Richards and counsel Betty Pang, with associates Barrett Tenbarge and Julie Shin; on data privacy matters by counsel Heather Deixler; on intellectual property matters by partner Chris Hazuka, with associate Peggy Ni; and on tax matters by partner Joseph Kronsnoble, with associate Christopher Ohlgart.

Involved fees earner: Nathan Ajiashvili – Latham & Watkins; Julie Choi Shin – Latham & Watkins; Heather Deixler – Latham & Watkins; Christopher Hazuka – Latham & Watkins; Joseph Kronsnoble – Latham & Watkins; Christopher Lueking – Latham & Watkins; Sara Mykrantz – Latham & Watkins; Peggy Ni – Latham & Watkins; Christopher Ohlgart – Latham & Watkins; Betty Pang – Latham & Watkins; Elizabeth Richards – Latham & Watkins; Jonathan Sarna – Latham & Watkins; Barrett Tenbarge – Latham & Watkins; Omeed Valipour – Latham & Watkins; Scott Westhoff – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: VistaGen Therapeutics;

Author: Ambrogio Visconti