NEW YORK, March 09, 2017 (GLOBE NEWSWIRE) — TG Therapeutics, Inc. (Nasdaq:TGTX) today announced the pricing of an underwritten public offering of 5,128,206 shares of its common stock at a price of $9.75 per share, with expected gross proceeds to TG Therapeutics of $50 million. In addition, TG Therapeutics has granted the underwriters a 30-day option to purchase up to an additional 769,230 shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about March 14, 2017 subject to the satisfaction of customary closing conditions.   

Jefferies LLC is acting as sole book-running manager for the offering. SunTrust Robinson Humphrey, Inc. and Ladenburg Thalmann & Co. Inc. are acting as lead managers.H.C. Wainwright & Co., Aegis Capital Corp., Roth Capital Partners and OPN Capital Markets are acting as co-managers for the offering.

TG Therapeutics intends to use the net proceeds of this offering to fund the ongoing development of TG-1101 and TGR-1202, to potentially in-license, acquire, develop and commercialize additional drug candidates, for research and development activities and for general corporate purposes.

The offering is being made pursuant to a shelf registration statement previously filed with the Securities and Exchange Commission (the “SEC”) on December 31, 2014. The offering is being made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A preliminary prospectus supplement and the accompanying prospectus related to the offering has been filed with the SEC and is available on the website of the SEC at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus, when available, may also be obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY, 10022, or by telephone at 877-821-7388, or by email at [email protected].