O’Melveny Worldwide

O’Melveny Represents Belite Bio in Follow-on Offering

June 7, 2023


SHANGHAI, JUNE 7, 2023 —O’Melveny recently represented Belite Bio, Inc (NASDAQ: BLTE) in connection with its follow-on offering of two million ADSs and warrant to purchase two million ordinary shares represented by ADSs. The total gross proceeds of the offering were US$30 million before the exercise of any warrant. Belite Bio filed its registration statement on Form F-3 with the SEC on May 22, 2023 and priced on May 30, 2023. The closing took place on June 2, 2023.

Headquartered in San Diego, Belite Bio is a clinical stage biopharmaceutical drug development company focused on advancing novel therapeutics targeting retinal degenerative eye diseases with significant unmet medical needs, such as Stargardt disease and Geographic Atrophy in advanced dry age-related macular degeneration, in addition to specific metabolic diseases.

SVB Securities LLC, Cantor Fitzgerald & Co. and H.C. Wainwright & Co., LLC are acting as joint book-running managers for the offering. 

The O’Melveny team advising Belite Bio was led by partners Portia Ku and Vincent Lin, counsel Jane Wu, associate Qianru Hong, and legal consultant Yutong Xie. Partners Jeeho Lee, Rob Plesnarski, Kurt Berney and Shelly Heyduk advised on SEC related issues, and partner Robert Fisher, partner Billy Abbott and counsel Dawn Lim provided tax-related advice.

O’Melveny previously represented the company on its IPO and pre-IPO financings.

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Brandon Jacobsen
O’Melveny & Myers LLP
+1 213 430 8024

Chris Schob
O’Melveny & Myers LLP
+86 21 2307 7000

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