May 21, 2018 / 12:05 PM / 7 months ago

BRIEF-Cidara Announces Stock And Warrants Offering Worth $120 Mln

May 21 (Reuters) - Cidara Therapeutics Inc:

* CIDARA THERAPEUTICS ANNOUNCES OFFERING OF COMMON STOCK AND WARRANTS

* CIDARA THERAPEUTICS - ENTERED SECURITIES PURCHASE DEAL WITH CERTAIN INVESTORS PROVIDING FOR PURCHASE, SALE OF UP TO $120 MILLION OF ITS COMMON STOCK

* CIDARA THERAPEUTICS INC - CIDARA WILL OFFER ABOUT 10.6 MILLION SHARES OF COMMON STOCK IN FIRST CLOSING OF OFFERING AT $4.70 PER SHARE

* CIDARA THERAPEUTICS - ENTERED SECURITIES PURCHASE AGREEMENT FOR PURCHASE &SALE, OF UP TO AGGREGATE OF $120.0 MILLION OF ITS COMMON STOCK, IN 3 CLOSINGS

* CIDARA - ALSO SELLING TO MAJOR PURCHASERS WARRANTS, AT $0.125/SHARE SUBJECT TO EACH SUCH WARRANT, TO PURCHASE AGGREGATE 12.5 MILLION SHARES OF STOCK Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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