L&S on ADC’s sale of 13.4 mln shares
Lenz & Staehelin advised the underwriters on ADC’s sale of 13.4 million shares of its common stock and pre-funded warrants to purchase 8.1 million shares of its common stock in an underwritten offering for gross proceeds of approximately $105 million.
Jefferies, Guggenheim Securities and Cantor acted as joint book-running managers for the offering.
Ariel Ben Hattar (pictured) led Lenz & Staehelin’s team, which further included Vincent Huynh Dac and Alexandra Vraca (all capital markets).
