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Latham & Watkins Advises on Liquidia’s Public Offering of Common Stock

Liquidia Corporation, a biopharmaceutical company focused on the development and commercialization of products in pulmonary hypertension and other applications of its PRINT® Technology, has announced the pricing of an underwritten public offering of 9,803,922 shares of its common stock at a public offering price of US$5.10, for total gross proceeds of approximately US$50 million, before deducting underwriting discounts and commissions and expenses payable by Liquidia. All of the shares in the offering will be sold by Liquidia. In addition, Liquidia has granted the underwriters a 30-day option to purchase up to an additional 1,470,588 shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on April 18, 2022, subject to customary closing conditions.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by New York partners Nathan Ajiashvili and Alison Haggerty, with associates Taylor Stevens, Katie Byun, and Jie Lin Nai.

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