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Combimatrix Corp prices $12 million underwritten public offering

Tuesday, 17 Dec 2013 09:00am EST 

Combimatrix Corp:Says it has priced an underwritten public offering of 12,000 units of Series D convertible preferred stock and warrants at a price of US$1,000 per unit for gross proceeds of US$12 mln.Says net proceeds from the sale of the units, after deducting underwriting discounts and commissions and offering expenses payable by the company, are anticipated to be about US$10.8 mln.Says the offering is expected to close on or about Dec. 20, subject to satisfaction of customary closing conditions.Says Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., served as the sole underwriter on the transaction. 

Company Quote

0.04 +2.80%
4:00pm EDT