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Cardica Inc Prices Public Offering Of Common Stock


Friday, 15 Mar 2013 08:55am EDT 

Cardica Inc announced the pricing of an underwritten public offering of 14,251,368 shares of common stock, offered at a price to the public of $1.05 per share. The gross proceeds to Cardica from this offering are expected to be $14.96 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by Cardica. The offering is expected to close on or about March 20, 2013. Cardica anticipates using the net proceeds from the offering for general corporate purposes, which may include the costs of research and development activities, and general and administrative and manufacturing expenses. Wedbush PacGrow Life Sciences is acting as sole manager for the offering. 

Company Quote

0.62
0.0498 +8.73%
21 Nov 2014