Alcobra Ltd. Announces Full Exercise Of Over-Allotment Option By Underwriters


The following excerpt is from the company's SEC filing.

Tel Aviv, Israel – (October 29, 2013) – Alcobra Ltd. (NASDAQ CM: ADHD), an emerging biopharmaceutical company primarily focused on the development and commercialization of its proprietary drug, MG01CI (Metadoxine extended-release), to treat cognitive dysfunctions, such as ADHD and Fragile X Syndrome, today announced that the underwriters of its previously announced public offering of 2,000,000 ordinary shares have exercised their option to purchase an additional 300,000 ordinary shares at $16.50 per share to cover over allotments, bringing total gross proceeds from the offering to approximately $38,000,000, before deducting underwriting discounts and commissions and other offering expenses payable by the Company. The offering is expected to close on October 30, 2013, subject to customary closing conditions.

This offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained by contacting Stifel, Nicolaus & Company, Incorporated, Attn: Prospectus Department, One South Street, 15th Floor, Baltimore, MD 21201, telephone: 443-224-1988; or Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue, 18th Floor, New York, NY 10019, telephone: 212-813-1010, e-mail: prospectus@aegiscap.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Alcobra Ltd. is an emerging biopharmaceutical company primarily focused on the development and commercialization of a proprietary drug, MG01CI, to treat cognitive dysfunctions including Attention Deficit Hyperactivity Disorder (ADHD) and Fragile X Syndrome. MG01CI has completed Phase II studies to treat ADHD. The company was founded in 2008 and is headquartered in Tel Aviv, Israel.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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Other recent filings from the company include the following:

Lifesci Advisors, Llc Sam Brown, Inc. Alcobra Investor Relations - Sept. 2, 2014

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