Ritter Pharma Prices IPO At $5.00/shr - Quick Facts

(RTTNews) - Ritter Pharmaceuticals Inc. (RTTR) announced the pricing of its initial public offering of 4 million shares of its common stock at a price to the public of $5.00 per share.

All of the common stock is being offered by Ritter Pharmaceuticals, Inc. The gross proceeds to Ritter Pharmaceuticals, Inc. from the initial public offering are expected to be $20 million before deducting underwriting discounts and commissions and other estimated offering expenses.

Ritter has granted the underwriters a 45-day option to purchase up to 600,000 additional shares of common stock to cover over-allotments, if any. The common stock of Ritter Pharmaceuticals, Inc. has been approved for listing on The NASDAQ Capital Market and is expected to begin trading under the ticker symbol "RTTR" on June 24, 2015. The offering is expected to close on June 29, 2015, subject to customary closing conditions.

Aegis Capital Corp. is acting as sole book-running manager for the offering.