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GenVec Inc ANNOUNCES $9 mln registered direct offering

Thursday, 13 Mar 2014 08:52am EDT 

GenVec Inc:Agrees to sell about $9 mln of shares of common stock to selected institutional investors in registered direct offering at price of $3.15 per share.GenVec will issue about 2,870,000 shares of common stock.Closing of offering is expected to take place on or about March 18.Roth Capital Partners and H.C. Wainwright & Co., LLC are acting as placement agents in connection with the offering.Net proceeds of offering will be used for operating costs, working capital, and general corporate purposes. 

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