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Provider: Reuters Investment Profile
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Sungy Mobile Ltd announces $12 million public offering

Wednesday, 12 Feb 2014 09:00am EST 

Sungy Mobile Ltd:Enters into definitive agreements with investors to purchase an aggregate of about $12 million of units, in a registered public offering, at a price per unit of $2.05.Each unit consists of one share of common stock and 0.5 of a warrant to purchase a share of OXiGENE common stock.The warrants have an exercise price of $2.75 per share, shall be exercisable immediately and will expire five years from the date of issuance. The closing of the offering is expected to take place on or about Feb. 18. 

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1 May 2015