 DURHAM, N.C., June 21, 2021 GLOBE NEWSWIRE -- Novan, Inc. the Company or Novan NASDAQ:NOVN today announced the closing of the Companys previously announced underwritten public offering the Offering of 3,636,364 shares of common stock at a public offering price of 11.00 per share. All of the shares of common stock sold in the offering were offered by the Company. In addition, the Company granted the underwriter of the Offering a 30-day option to purchase up to an additional 545,454 shares of its common stock. The gross proceeds from the offering were approximately 40 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company. 