NewAmsterdam Pharma Company N.V. (Nasdaq:
NAMS;
“NewAmsterdam” or the “Company”), a late-stage, clinical
biopharmaceutical company developing oral, non-statin medicines for
patients at risk of cardiovascular disease with elevated
low-density lipoprotein cholesterol (“LDL-C”), for whom existing
therapies are not sufficiently effective or well-tolerated, today
announced the pricing of the previously announced underwritten
public offering of (i) 4,488,159 of the Company’s ordinary shares,
with a nominal value of €0.12 per share (“Ordinary Shares,”) at a
public offering price of $19.00 per share and (ii) to certain
investors that so choose in lieu of Ordinary Shares, pre-funded
warrants to purchase 4,736,841 Ordinary Shares at a public offering
price of $18.9999 per pre-funded warrant, which represents the per
share public offering price for the Ordinary Shares less the
$0.0001 per share exercise price for each such pre-funded warrant
(“Pre-Funded Warrants,” such offering, the “Offering”). The
proceeds to the Company from the Offering, before deducting
underwriting discounts and commissions and offering expenses
payable by the Company, are expected to be approximately $175.3
million. In addition, the Company has granted the underwriters a
30-day option to purchase up to an additional 1,383,750 Ordinary
Shares at the public offering price, less underwriting discounts
and commissions. The Offering is expected to close on or about
February 16, 2024, subject to satisfaction of customary closing
conditions.
Jefferies, Leerink Partners, Piper Sandler, and RBC Capital
Markets are acting as joint book-running managers for the
Offering.
The Offering is being made pursuant to a registration statement
on Form F-3, including a base prospectus, that was initially
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on December 19, 2023. A preliminary prospectus
supplement and accompanying prospectus relating to and describing
the terms of the Offering were filed with the SEC and are available
free of charge by visiting EDGAR on the SEC’s website at
www.sec.gov. Copies of the final prospectus supplement, when
available, and the accompanying prospectus may also be obtained
free of charge from: Jefferies LLC, Attention: Equity Syndicate
Prospectus Department, 520 Madison Avenue, New York, NY 10022, or
by telephone at (877) 821-7388, or by email at
Prospectus_Department@Jefferies.com; Leerink Partners LLC,
Attention: Syndicate Department, 53 State Street, 40th Floor,
Boston, MA 02109, or by telephone at (800) 808-7525, ext. 6105, or
by email at syndicate@leerink.com; Piper Sandler & Co.,
Attention: Prospectus Department, 800 Nicollet Mall, J12S03,
Minneapolis, MN 55402, or by telephone at (800) 747-3924, or
by email at prospectus@psc.com; or RBC Capital Markets, LLC,
Attention: Equity Capital Markets, 200 Vesey Street, 8th Floor, New
York, NY 10281, or by telephone at (877) 822-4089, or by email at
equityprospectus@rbccm.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About NewAmsterdam
NewAmsterdam (Nasdaq: NAMS) is a late-stage biopharmaceutical
company whose mission is to improve patient care in populations
with metabolic diseases where currently approved therapies have not
been sufficiently successful or well-tolerated. The Company seeks
to fulfill a significant unmet need for a safe, well-tolerated and
convenient LDL-lowering therapy. In multiple Phase 3 clinical
trials, NewAmsterdam is investigating obicetrapib, an oral,
low-dose and once-daily CETP inhibitor, alone or as a fixed-dose
combination with ezetimibe, as preferred LDL-C lowering therapies
to be used as an adjunct to statin therapy for patients at risk of
CVD with elevated LDL-C, for whom existing therapies are not
sufficiently effective or well-tolerated.
Forward-Looking Statements
Certain statements included in this document that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
are accompanied by words such as “believe,” “may,” “will,”
“estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,”
“would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These forward-looking statements include, but are not limited to,
statements regarding the consummation of the proposed Offering.
These statements are based on various assumptions, whether or not
identified in this document, and on the current expectations of the
Company’s management and are not predictions of actual performance.
These forward-looking statements are provided for illustrative
purposes only and are not intended to serve as and must not be
relied on as a guarantee, an assurance, a prediction, or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and may differ
from assumptions. Many actual events and circumstances are beyond
the control of the Company. These forward-looking statements are
subject to a number of risks and uncertainties, including changes
in domestic and foreign business, market, financial, political, and
legal conditions; risks relating to the uncertainty of the
projected financial information with respect to the Company; risks
related to the approval of the Company’s product candidate and the
timing of expected regulatory and business milestones; ability to
negotiate definitive contractual arrangements with potential
customers; the impact of competitive product candidates; ability to
obtain sufficient supply of materials; global economic and
political conditions, including the Russia-Ukraine and Israel-Hamas
conflicts; the effects of competition on the Company’s future
business; and those factors described in the Company’s public
filings with the SEC. Additional risks related to the Company’s
business include, but are not limited to: uncertainty regarding
outcomes of the Company’s ongoing clinical trials, particularly as
they relate to regulatory review and potential approval for its
product candidate; risks associated with the Company’s efforts to
commercialize a product candidate; the Company’s ability to
negotiate and enter into definitive agreements on favorable terms,
if at all; the impact of competing product candidates on the
Company’s business; intellectual property related claims; the
Company’s ability to attract and retain qualified personnel;
ability to continue to source the raw materials for its product
candidate. If any of these risks materialize or the Company’s
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that the Company does not presently know or
that the Company currently believes are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect the Company’s expectations, plans, or forecasts of future
events and views as of the date of this document and are qualified
in their entirety by reference to the cautionary statements herein.
The Company anticipates that subsequent events and developments may
cause the Company’s assessments to change. These forward-looking
statements should not be relied upon as representing the Company’s
assessment as of any date subsequent to the date of this
communication. Accordingly, undue reliance should not be placed
upon the forward-looking statements. Neither the Company nor any of
its affiliates undertakes any obligation to update these
forward-looking statements, except as may be required by law.
Stern Investor Relations on behalf of
NewAmsterdamHannah DeresiewiczP: 1
212-362-1200hannah.deresiewicz@sternir.com
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