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Mintz Guides Spero to Follow-On Offering

Industry: Life Sciences

Key Facts

  • Mintz represented Spero Therapeutics in its July 2018 underwritten public offering
  • Spero's gross proceeds were $75 million prior to deduction of any underwriting discounts and commissions
  • Mintz works with many emerging growth companies like Spero to help them succeed in the marketplace

The Situation

Months after representing Spero Therapeutics, a multi-asset clinical-stage biopharmaceutical company, in its $77 million initial public offering (IPO), Mintz represented the company in its July 2018 underwritten public offering. 

The Approach

The public offering includes 3,780,000 shares of its common stock and 2,220 shares of its non-voting Series A Convertible Preferred Stock, with the gross proceeds to Spero being $75 million prior to the deduction of any underwriting discounts and commissions.

The Outcome

Our team’s work with Spero Therapeutics is illustrative of how we work with emerging growth clients to achieve, not only entry to, but success in the public market.

Supporting Professionals

The Mintz team, led by Lewis Geffen and Matthew Gardella, included Matthew Tikonoff, Brian Shea, Dianne Bourque, and Roy Gillig.