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Arrowhead Research Corp Announces Pricing Of Public Offering Of Common Stock And Warrants

Friday, 25 Jan 2013 09:34am EST 

Arrowhead Research Corp announced that it has priced a public offering of approximately 1.65 million units at a price to the public of $2.12 per unit. The Company has received commitments for approximately $3.5 million in gross proceeds. The sale of the units is expected to close on or about January 30, 2013. Each unit consists of one share of common stock and one warrant to purchase 0.50 of a share of common stock. Arrowhead intends to use the net proceeds of this offering for general corporate purposes, including working capital, research and development expenditures, clinical trial expenditures, and capital expenditures. Dawson James Securities, Inc. is acting as the sole book-running manager for the offering. 

Company Quote

0.17 +2.68%
26 Dec 2014