Mental healthcare company COMPASS Pathways PLC (CMPS) has launched a proposed public offering of 4 million American Depositary Shares (ADSs). Each of these ADSs will be representing one ordinary share of the company.
In addition, each of these ADSs is being offered by COMPASS and the company is looking forward to grant a 30-day period for the underwriters to purchase up to an additional 600,000 ADSs.
The proposed offering, is subject to market regulations and other conditions therefore, there can be no affirmation as to when the offering will take place or the exact size or terms of the proposed offering.
In the offering, Cowen, Evercore ISI and Berenberg will jointly be acting as book running managers while Cantor Fitzgerald & Co. and BTIG, LLC will be serving as lead managers in the same.