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Ceres Inc prices follow-on offering of common stock


Tuesday, 4 Mar 2014 09:48pm EST 

Ceres Inc:Says pricing of underwritten public offering of 20,000,000 shares of common stock at public offering price of $1.00 per share.Grants the underwriters a 45-day option to purchase up to 3,000,000 additional shares of common stock to cover over-allotments, if any.Expects to receive about $20 million in gross proceeds, before deducting underwriting discounts and commissions and offering expenses payable by the company.Intends to use the net proceeds from this offering for general corporate purposes, including working capital.Expects offering to close on or about March 10.Aegis Capital Corp is acting as sole book-running manager for offering.Trout Capital LLC acted as financial advisor to Ceres. 

Company Quote

0.214
 +0.00%
19 Dec 2014