Pozen (Nasdaq: POZN) has registered 8.5 million shares of common stock with the SEC in an offering with a proposed maximum price of $101.7 million.

In the offering, Chapel Hill-based Pozen would get $95.3 million. The proposed maximum offering price per share is $11.91.

Pozen said it may offer 8 million shares in the offering, making the company’s share worth $95.3 million. The rest of the shares may be offered by Chairman and CEO John Plachetka (500,000 shares) and Director Peter Wise (40,000 shares), pursuant to an underwritten public offering.

The net proceeds from the sale will be added to Pozen’s general funds, the company said, to be used to finance product acquisitions, research and development and corporate or working capital purposes.

Pozen: www.pozen.com