FLAGSTAFF, Ariz., Dec. 8, 2016 /PRNewswire/ -- SenesTech, Inc., a developer of proprietary technologies for managing animal pest populations through fertility control, today announced that its initial public offering of 1,875,000 shares of common stock priced at $8.00 per share. In addition, SenesTech and certain selling stockholders have granted the underwriters a 30-day option to purchase up to 281,250 additional shares of common stock at the initial public offering price, less the underwriting discount. SenesTech's common stock is expected to begin trading on the NASDAQ Capital Market under the ticker symbol "SNES" on December 8, 2016.
Roth Capital Partners is acting as sole book-running manager, and Craig-Hallum Capital Group and Aegis Capital Corp. are acting as co-managers.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on December 7, 2016. The offering is being made solely by means of a prospectus. Copies of the final prospectus related to the offering may be obtained, when available, from Roth Capital Partners, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, or by telephone at (800) 678-9147; or from Craig-Hallum Capital Group at 222 South 9th Street, Suite 350, Minneapolis, MN 55402, or by telephone at (612) 334-6300.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About SenesTech, Inc.
SenesTech has developed an innovative technology for managing animal pest populations through fertility control as opposed to a lethal approach. The Company's first fertility control product candidate, ContraPest®, will be marketed for use initially in controlling rat infestations. We believe our non-lethal approach, targeting reproduction, is more humane, less harmful to the environment, and more effective in providing a sustainable solution to pest infestations than traditional lethal pest management methods. There is currently no fertility control product approved by the Food and Drug Administration (FDA), or the Environmental Protection Agency (EPA), for the management of rodent populations. We believe ContraPest® will establish a new paradigm in rodent control, resulting in improved performance in rodent control over rodenticides, without the negative environmental effects of rodenticides. For more information visit the SenesTech website at www.senestech.com.
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SOURCE SenesTech, Inc.