Daré Bioscience (NASDAQ: DARE) has closed an underwritten public offering of 5,261,250 of its common stock shares, including an additional 686,250 shares pursuant to the full exercise of the over-allotment option. The shares were sold, each at a public offering price of $1.10, resulting in approximately $5.8 million gross proceeds for Daré Bioscience, which it intends to use for working capital and general corporate purposes. ROTH Capital Partners acted as the sole book-running manager for the transaction.
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About Daré Bioscience
Daré Bioscience is a clinical-stage biopharmaceutical company committed to the advancement of innovative products for women’s health. The company’s mission is to identify, develop and bring to market a diverse portfolio of differentiated therapies that expand treatment options, improve outcomes and facilitate convenience for women, primarily in the areas of contraception, vaginal health, sexual health, and fertility. Daré’s product portfolio includes potential first-in-class candidates in clinical development: Ovaprene®, a non-hormonal, monthly contraceptive intravaginal ring; Sildenafil Cream, 3.6%, a novel cream formulation of sildenafil to treat female sexual arousal disorder utilizing the active ingredient in Viagra®; DARE-BV1, a unique hydrogel formulation of clindamycin phosphate 2% to treat bacterial vaginosis via a single application; and DARE-HRT1, a combination bio-identical estradiol and progesterone intravaginal ring for hormone replacement therapy following menopause. For more information, visit the company’s website at www.DareBioscience.com.
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