Travere Therapeutics Announces Completion of Public Offering of Common Stock and Exercise in Full of Underwriters’ Option to Purchase Additional Shares

TVTX 11.12.2024

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SAN DIEGO,Nov. 12, 2024(GLOBE NEWSWIRE) --Travere Therapeutics, Inc.(Nasdaq: TVTX) today announced the completion of its previously announced underwritten public offering of 8,984,375 shares of its common stock at a price to the public of$16.00per share, including 1,171,875 shares sold pursuant to the exercise in full of the underwriters’ option to purchase additional shares. All of the shares were sold by Travere. Including the option exercise, the aggregate gross proceeds from the offering were approximately$143.8 million, before deducting the underwriting discounts and commissions and offering expenses.

JefferiesandLeerink Partnersacted as the joint book-running managers for the offering and Wedbush PacGrow acted as co-manager.

The shares of common stock described above were offered by Travere pursuant to a shelf registration statement filed by Travere with theSecurities and Exchange Commission(SEC) that became automatically effective onAugust 1, 2024. A final prospectus supplement and accompanying prospectus related to the offering have been filed with theSECand are available on the SEC’s website located athttp://www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus related to this offering may be obtained fromJefferies LLC, Attention:Equity Syndicate Prospectus Department,520 Madison Avenue,New York, NY10022, by telephone at (877) 821-7388, or by email atProspectus_Department@Jefferies.com; or fromLeerink Partners LLC, Attention:Syndicate Department,53 State Street, 40th Floor,Boston, MA02109, or by telephone at (800) 808-7525, ext. 6105, or by email atsyndicate@leerink.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

AboutTravere Therapeutics

AtTravere Therapeuticswe are in rare for life. We are a biopharmaceutical company that comes together every day to help patients, families and caregivers of all backgrounds as they navigate life with a rare disease. On this path, we know the need for treatment options is urgent – that is why our global team works with the rare disease community to identify, develop and deliver life-changing therapies. In pursuit of this mission, we continuously seek to understand the diverse perspectives of rare patients and to courageously forge new paths to make a difference in their lives and provide hope – today and tomorrow.

Contact:888-969-7879IR@travere.com

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Source: Travere Therapeutics, Inc.

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