Article: Over-Allotment Option Exercised in Sequana Therapeutics, Inc. Public Offering.

LA JOLLA, Calif.--(BUSINESS WIRE)--April 4, 1996--Sequana Therapeutics, Inc. (Nasdaq: SQNA) Thursday announced that the 255,000-share over-allotment was exercised in connection with the Company's recently completed public offering.

Hambrecht & Quist LLC., lead underwriter for the offering, has notified Sequana that it has exercised its right to purchase from certain selling shareholders an aggregate of 255,000 shares of Common Stock at a per share price of $19.00. The Company will not receive any proceeds from the sale of shares by the selling shareholders. Sequana completed a public offering of 1,700,000 shares of Common Stock on March 7, 1996.

Sequana ...

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