PROVIDENCE, R.I., June 10, 2021 (GLOBE NEWSWIRE) — Ocean Biomedical, Inc. today announced that it has publicly filed a Registration Statement on Form S-1 with the Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. Ocean intends to list its common stock on the Nasdaq Global Market under the symbol “OCEA.” The size of the proposed offering and price range for the proposed offering have not yet been determined.
It is expected that the net proceeds from Ocean’s initial public offering will be used to fund the clinical development and preclinical development of Ocean’s assets, and for business development activities, working capital and other general corporate purposes.
Berenberg and Oppenheimer & Co. are acting as joint bookrunning managers for the offering. LifeSci Capital, Ladenburg Thalmann, Brookline Capital Markets and Roth Capital Partners are acting as co-managers for the offering.
The Registration Statement has been filed with the SEC but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.
This press release is being made pursuant to, and in accordance with, Rule 134 under the Securities Act of 1933, as amended (the “Securities Act”), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.
