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Actionable news in VTL: VITAL THERAPIES Inc,

VITAL THERAPIES INC just filed a prospectus, suggesting it plans to soon issue some securities

VITAL THERAPIES INC just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:

We estimate that the net proceeds to us from the sale of our common stock in this offering will be approximately $27.8 million from the sale of approximately $30 million of shares of our common stock offered by us in this offering, after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us, or approximately $32.0 million if the underwriter exercises its option to purchase additional share s in full.

We intend to use the net proceeds from the sale of the shares offered by us in this offering to fund the continuing clinical development of the ELAD System, and for working capital and other general corporate...


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