VICTORIA, British Columbia--(BUSINESS WIRE)--Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH / TSX: AUP) (“Aurinia” or the “Company”) today announced that in order to replace its prior expired base shelf prospectus and corresponding shelf registration statement it has filed a preliminary short form base shelf prospectus (the “Preliminary Shelf Prospectus”) with the securities commissions in each of the provinces of Ontario, Alberta and British Columbia in Canada, and a corresponding shelf registration statement on Form F-10 with the U.S. Securities and Exchange Commission (the “SEC”) under the U.S./Canada Multijurisdictional Disclosure System.
The Preliminary Shelf Prospectus and corresponding shelf registration statement, when made final or effective, will allow Aurinia to offer up to US$250,000,000 of common shares, warrants, subscription receipts, debt securities or any combination thereof during the 25-month period that the Preliminary Shelf Prospectus is effective. The Company has no immediate intention to undertake an offering. However, the Preliminary Shelf Prospectus will enable Aurinia to potentially access new capital if and when needed. The amount and timing of any future offerings will be based on the Company’s financial requirements and market conditions at the time. In addition, the Preliminary Shelf Prospectus and corresponding shelf registration statement allows Aurinia to meet its contractual obligation to maintain a valid registration statement to certain holders of warrants issued under a private placement that took place in June 2016.
The specific terms of any future offering under the Preliminary Shelf Prospectus will be established at the time of such offering. At the time any of the securities covered by the Preliminary Shelf Prospectus are offered for sale, a prospectus supplement containing specific information about the terms of such offering will be filed with applicable Canadian securities regulatory authorities and the SEC.
The shelf registration statement filed today with the SEC has not yet become effective. No securities may be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.
A copy of the Preliminary Shelf Prospectus can be found on SEDAR at www.sedar.com and a copy of the corresponding shelf registration statement can be found on EDGAR at www.sec.gov or may be obtained upon request to Aurinia’s Investor Relations Department using the contact information set out below.
About Aurinia
Aurinia is a clinical stage
biopharmaceutical company focused on developing and commercializing
therapies to treat targeted patient populations that are suffering from
serious diseases with a high unmet medical need. The company is
currently developing voclosporin, an investigational drug, for the
treatment of lupus nephritis, focal segmental glomerulosclerosis,
minimal change disease and dry eye syndrome. The company is
headquartered in Victoria, BC and focuses its development efforts
globally.
Forward-Looking Statement Disclaimer
Certain of the
statements made in this news release may contain forward-looking
information within the meaning of applicable Canadian securities law and
forward-looking statements within the meaning of applicable United
States securities law. Forward-looking information or statements may not
be based on historical fact, and may include without limitation
statements containing the words “believe”, “may”, “plan”, “will”,
“estimate”, “continue”, “anticipate”, “intend”, “expect” and similar
expressions. Forward-looking statements in this news release include
statements regarding the Preliminary Shelf Prospectus and corresponding
shelf registration statement being cleared by the applicable securities
regulatory authorities and Aurinia’s ability to take advantage of
financing opportunities in favourable market conditions or at all. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
events or developments to be materially different from any future
results, events or developments expressed or implied by such
forward-looking statements. Many such known risks, uncertainties and
other factors are taken into account as part of the Company’s
assumptions underlying these forward-looking statements and include,
among others, the following: general economic and business conditions in
the United States, Canada, Europe, and the other regions in which
Aurinia operates; not receiving the regulatory approvals, including the
further approvals that may be sought from securities regulatory
authorities or the SEC, on the timelines required or at all, that the
prevailing market price of the Company’s securities may make a
prospectus offering in respect of such securities unattractive to
Aurinia as well as those factors discussed in or referred to under the
heading “Risk Factors” in Aurinia’s Annual Report on Form 40-F for the
year ended December 31, 2016 which is available under Aurinia’s profile
on SEDAR at www.sedar.com
and on EDGAR at www.sec.gov.
Given these risks, uncertainties and factors, you are cautioned not to
place undue reliance on such forward-looking statements and information,
which are qualified in their entirety by this cautionary statement. All
forward-looking statements and information made herein are based on our
current expectations and we undertake no obligation to revise or update
such forward-looking statements and information to reflect subsequent
events or circumstances, except as required by law.
