10:04 AM EDT, 03/11/2024 (MT Newswires) -- Evolus ( EOLS ) said Monday it priced an offering of 3.55 million shares at $14.07 per share for expected gross proceeds of about $50 million.

Underwriters were given a 30-day option to buy up to an additional 533,100 shares at the offering price, less the underwriting discounts and commissions, the company said.

The offering is expected to close on or about March 13.

Net proceeds will be used to back the growth of flagship product Jeuveau, launch activities for Evolysse as well as potential business development opportunities and general corporate purposes, Evolus ( EOLS ) said.

Evolus ( EOLS ) shares were nearly 4% higher in recent trading.

Price: 14.75, Change: +0.68, Percent Change: +4.83