Aridis Pharmaceuticals Launches Proposed Initial Public Offering

Aridis Pharmaceuticals, Inc. a biopharmaceutical company focused on the discovery and development of targeted immunotherapy using fully human monoclonal antibodies, or mAbs, to treat life-threatening infections, today announced that it has launched an initial public offering of 2,000,000 shares of its common stock. In addition, Aridis has granted the underwriters a 30-day option to purchase up to 300,000 additional shares of common stock at the public offering price, less the underwriting discounts and commissions. All of the shares to be sold in the proposed offering will be offered by Aridis. The initial public offering price is expected to be between $13.00 and $15.00 per share. Aridis has applied to list the shares on the Nasdaq Capital Market under the symbol “ARDS.” Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering. Maxim Group LLC is acting as lead manager and Laidlaw & Company (UK) Ltd., Northland Securities, Inc. and Seaport Global Securities LLC are acting as co-managers for the offering. https://bit.ly/2vJ1XXH