 Novan, Inc. the Company or Novan NOVN today announced the closing of the Companys previously announced underwritten public offering of 18,333,334 shares of common stock or pre-funded warrants to purchase common stock in lieu thereof and warrants to purchase an aggregate of up to 18,333,334 shares of common stock, at a combined effective public offering price of 0.30 per share of common stock or pre-funded warrant and accompanying common warrant. The common warrants have an exercise price of 0.30 per share, are exercisable immediately and expire five years from the date of issuance. 